$BONK Long Liquidation: What’s Next for the Bulls?

$BONK just faced a long liquidation of $6.8177K at $0.03042, showing signs of weakening bullish momentum.

However, this dip could turn into a perfect opportunity for smart traders to enter at better levels and ride the next potential wave!

Current Market Status:

Liquidation Price: $0.03042

Market Sentiment: Bulls are under pressure, but a recovery could be around the corner if key support holds.

What’s Next for $BONK?

If #BONK manages to hold above critical support levels, it could bounce back and aim for key resistance zones.

However, if selling continues, prices might dip further before finding strong demand.

Buy Zone, Targets, and Stop Loss:

Buy Zone: $0.02950 - $0.03020 (Wait for bullish signals like higher lows or strong volume in this area)

Target 1: $0.03200

Target 2: $0.03400

Target 3: $0.03650 (If momentum accelerates)

Stop Loss: Below $0.02850 (To minimize risk if the support breaks)

Key Levels to Monitor:

Resistance Levels:

$0.03200 (Immediate hurdle)

$0.03400 (Critical resistance zone for a breakout)

Support Levels:

$0.02950 - $0.03020 (Key support zone; potential reversal point)

$0.02850 (Breaking below this could signal more downside)

Final Thoughts:

The long liquidation at $0.03042 highlights weak hands exiting, but it also opens the door for buyers looking to catch the next big move.

If $BONK stays above the $0.02950 - $0.03020 support zone, we could see a bullish recovery toward $0.03200 and beyond.

Stay cautious and manage risks, as breaking below $0.02850 may lead to further declines.

Pro Tip: Watch for bullish candlestick patterns or increasing volume near the support zone to confirm a reversal. Timing is key!