$BONK /USDT: Quick Trade Setup
$BONK is showing bullish momentum with a strong bounce from a recent support level. The price is now consolidating and approaching key resistance, making it an interesting setup for a short-term trade.
Trade Plan
🟢 Entry Zone: $0.00002036
🔴 Stop-Loss (SL): $0.00002022
Take Profit (TP) Targets:
🎯 T1: $0.00002065
🎯 T2: $0.00002080
Analysis & Outlook
• Current Price: $0.00002036, with a +2.36% gain.
✓ Support Confirmation: The price has successfully bounced from the $0.00001973 support, which indicates strong buyer interest at that level.
✓ Key Resistance: BONK is now eyeing the resistance zone between $0.00002065 and $0.00002080. A clean break above this level could lead to a continuation of the uptrend.
✓ Risk Management: The stop-loss is placed just below a recent consolidation level at $0.00002022. A drop below this point would signal short-term weakness and invalidate the bullish view.
The overall bias for this setup remains bullish, particularly for quick momentum plays, as long as the price holds above the $0.00002022 level.
Disclaimer: This is not financial advice. All trading carries risk, and past performance is not indicative of future results. Do your own research and manage your risk accordingly before making any trading decisions.