$BONK
The price is currently rising gradually and has successfully broken out of a pattern known as a falling wedge. The price is approaching the key psychological level of $0.000030 again, however, it has failed to break through this level twice recently.
Now, we are closely watching the market dynamics and looking for an opportune moment to enter the uptrend. Our strategy has two possibilities:
If the price can successfully surpass $0.000030, it will be considered a strong buy signal, which may indicate that the price will continue to rise by 23% and target $0.000037 ($BONK).
If the price pulls back to around $0.000020, we will also see it as a potential trading opportunity. Once the price starts to rebound from this area and rises 50% back to $0.000030, we will have the opportunity to buy again and look to sell for profit.
During the price fluctuations, we should pay attention to the nearest support areas, which are $0.000020 and $0.000013. These areas are potential price support points. If the price falls to these levels, it may trigger buying intervention, thus preventing the price from falling further.
At the same time, we should also pay attention to the recent resistance areas, including $0.000030 and $0.000046. These areas may pose a challenge to the rise of prices. If the price reaches these levels, it may encounter selling pressure, resulting in a price correction.
During the trading process, we need to stay alert, flexibly adjust strategies according to market trends, and strictly control risks.
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