$BONK Bulls Ready to rise – Setting Eyes on a New Peak

$BONK/USDT is showing strong buying pressure after bouncing from the support level of 0.00002283. The price is maintaining its upward momentum with good liquidity, indicating that the market structure still leans towards the bulls. If the momentum continues, it is highly likely that BONK will test higher resistance levels in the near future.
📊 Technical Analysis
• Strong support: 0.00002283 – This is the price area that the buyers have continuously defended, helping the price to rise sharply.
• Resistance near: 0.00002480 – If surpassed, BONK has the potential to rise to higher levels.
• Trend: The rise is still strong, as shown by the long bullish candles and increased trading volume.
📈 Suggested Trading Strategy
• Buy in: From the current level, when the price holds above 0.00002283.
🚀 Profit targets (TP):
• TP1: 0.00002480
• TP2: 0.00002550
• TP3: 0.00002620
• TP4: 0.00002700
• TP5: 0.00002850
⛔ Stop Loss (SL): 0.00002260 – If the price breaks through this level, a stop loss should be cut to protect the capital.
👉 Overall Assessment
$BONK is currently in a phase where the bulls control the market with strong momentum. If the price maintains above the important support zone and breaks through the short-term resistances, the possibility of reaching the proposed TP levels is entirely feasible. Traders should closely monitor important price zones, manage risks appropriately, and take advantage of opportunities when the market shows breakout signals.