$BONK
Technical Analysis Trade Signals🚀🎯
Current Price: 0.00002525 (+16.25% in the last 24 hours)
24h High: 0.00002698
24h Low: 0.00002141
24h Volume: 4.12T BONK / 98.33M USDT
Technical Analysis:
Bollinger Bands (BOLL)
Upper Band: 0.00002433
Middle Band: 0.00002253
Lower Band: 0.00002073
Currently, BONK/USDT is trading above the middle band, which suggests an ongoing bullish trend. The price is approaching the upper band, hinting at possible resistance but also supporting further price action if it breaks higher.
Parabolic SAR
SAR value: 0.00002184
The SAR indicates a bullish trend, as the price is trading above this value. This suggests that the uptrend remains intact for now.
Trade Signal:
Entry Point: Buy around 0.00002525 (current price) or on a pullback towards the middle band (0.00002253).
Target Levels 🎯:
1. Target 1: 0.00002650
The first resistance level lies near 0.00002650, which is just under the 24-hour high. A breakout past this level could lead to further upward movement.
2. Target 2: 0.00002750
If the price continues to rise, this level is a key resistance zone. It aligns with the upper Bollinger Band and represents a potential take-profit point for traders.
3. Target 3: 0.00002850
If bullish momentum persists, the next target could be 0.00002850. This level represents a significant extension from the current price and should be monitored for potential reversal or consolidation.
Support Levels:
Support 1: 0.00002253 (Middle Band)
Support 2: 0.00002073 (Lower Band)
Risk Management:
Stop Loss: Place a stop loss just below 0.00002184 (SAR value) to protect against downside risk.
Take Profit Strategy: Consider scaling out of the position at the target levels mentioned above.
Conclusion: BONK/USDT is currently showing strong bullish momentum, with the price trending above the middle Bollinger Band and the Parabolic SAR suggesting further upward movement. However, always manage risk by watching support levels and setting stop-loss orders.
