$1000BONK just saw a long liquidation of $3.5847K at $0.00781. This correction is healthy, giving the market a chance to shake out weak positions and consolidate before the next upward move. I’m watching this area closely because it could form a reliable base for buyers.

Trade Setup:

Entry Zone: $0.00775–$0.00783

Target 1: $0.00795

Target 2: $0.00810

Stop Loss: $0.00768

This zone is strong as it aligns with previous support from late November and sits near the 0.618 Fibonacci retracement of the last swing. The reaction here has been firm, and if this level holds, they’re building strength for the next leg up.