đ„ $BONK 1H â Breakout Confirmed, Can Bulls Flip Resistance Into Support?
đ Market Bias: Bullish đą
The 1H chart shows $BONK reclaiming the MA(99) while holding above the MA(25). Price has printed a bullish break of structure (BOS) with strong momentum, but the 0.00000294â0.00000296 resistance zone remains the next major test.
đŻ Trade Setup (LONG)
Entry Zone: 0.00000289â0.00000291 (or after a successful retest)
Stop Loss: 0.00000284
TP1: 0.00000296
TP2: 0.00000302
TP3: 0.00000308
Risk:Reward: 1:2.7
Trade Invalidation: A 1H candle closes below 0.00000284 with increasing sell volume.
đ Technical Analysis
â Price Action: Strong V-shaped recovery followed by bullish continuation.
â Market Structure: Bullish BOS with higher highs and higher lows.
â Support: 0.00000288â0.00000290
â Resistance: 0.00000296, then 0.00000302.
â MA Trend: Price is above MA(7) and MA(25) while reclaiming MA(99)âa positive trend shift.
â Volume: Breakout was accompanied by rising buying volume, confirming demand.
â Liquidity: Buy-side liquidity sits above 0.00000296, making it the next target.
â Order Block: Bullish demand remains around 0.00000284â0.00000287.
â FVG: A small fair value gap below current price could be filled before continuation.
â SMC: Bullish structure remains valid as long as the demand zone holds.
#Bonk #BONKđ„đ„ #BONKâ #BONKUSDT #Bonkers
đ Market Bias: Bullish đą
The 1H chart shows $BONK reclaiming the MA(99) while holding above the MA(25). Price has printed a bullish break of structure (BOS) with strong momentum, but the 0.00000294â0.00000296 resistance zone remains the next major test.
đŻ Trade Setup (LONG)
Entry Zone: 0.00000289â0.00000291 (or after a successful retest)
Stop Loss: 0.00000284
TP1: 0.00000296
TP2: 0.00000302
TP3: 0.00000308
Risk:Reward: 1:2.7
Trade Invalidation: A 1H candle closes below 0.00000284 with increasing sell volume.
đ Technical Analysis
â Price Action: Strong V-shaped recovery followed by bullish continuation.
â Market Structure: Bullish BOS with higher highs and higher lows.
â Support: 0.00000288â0.00000290
â Resistance: 0.00000296, then 0.00000302.
â MA Trend: Price is above MA(7) and MA(25) while reclaiming MA(99)âa positive trend shift.
â Volume: Breakout was accompanied by rising buying volume, confirming demand.
â Liquidity: Buy-side liquidity sits above 0.00000296, making it the next target.
â Order Block: Bullish demand remains around 0.00000284â0.00000287.
â FVG: A small fair value gap below current price could be filled before continuation.
â SMC: Bullish structure remains valid as long as the demand zone holds.
#Bonk #BONKđ„đ„ #BONKâ #BONKUSDT #Bonkers
