$BONK /USDT TECHNICAL ANALYSIS – BEARISH SETUP
$BONK/USDT is showing clear bearish momentum on the lower timeframes. Price action has been forming lower highs and lower lows, indicating sustained selling pressure. The recent rejection from the upper range and failure to reclaim key moving averages suggest that bulls are losing control.
Indicators alignment:
Price remains below major EMA/MA zones, acting as dynamic resistance
Volume spike on red candles confirms active distribution
Momentum indicators favor continuation to the downside rather than reversal
TRADE PLAN – SHORT SETUP
Entry (Short): On a pullback into the resistance zone / EMA rejection
Target 1 (TP1): Previous intraday support
Target 2 (TP2): Range low / demand zone
Target 3 (TP3): Breakdown extension zone
Stop Loss (SL): Above the recent swing high and EMA resistance cluster
This setup favors trend continuation as long as price stays below resistance and structure remains bearish.
RISK MANAGEMENT:
Risk only 1–2% per trade, trail stop after TP1 is hit, and avoid overleveraging in high-volatility conditions.
#TechnicalAnalysis #CryptoTrading #PriceAction #TrendTrading #SupportResistance $BONK
