$1000BONK printed a massive short liquidation around $0.00805, wiping out a large cluster of shorts as price surged into a heavy supply area. Such large squeezes often mark local tops.
EP (Entry Price): $0.00795 – $0.00820
TP (Take Profit):
• TP1: $0.00740
• TP2: $0.00680
• TP3: $0.00610
SL (Stop Loss): $0.00870
After the liquidation spike, momentum weakened and price failed to hold the highs. Liquidity sits clearly below $0.00750, making a retracement likely. While $1000BONK stays below $0.00870, bearish continuation remains favored.
1000BONKUSDT
Perp
0.008201
-0.69%