BONK forming higher low at demand zone
🟢 $1000BONK - LONG
Trade Plan:
Current Price: ~0.0000053
Entry Zone: 0.0000053 - 0.0000056
SL: 0.0000051
TP1: 0.0000065
TP2: 0.0000075
TP3: 0.0000090
BONK has defended the key daily demand zone with a clear higher low formation after the recent shakeout, showing strong absorption on lower timeframes and rising buy volume on dips. Price structure is shifting bullish as the 50 EMA now provides dynamic support while the 4H momentum oscillator flips positive with bullish stochastic crossover. Meme sector rotation is visible through positive delta flow and volume profile accumulation at this exact level. Daily higher low invalidates prior downtrend and opens path for trend resumption.
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$1000BONK