FX.co ★ rlemke | Cryptoanalytics from InstaForex

**Technical Analysis and Trading Strategy for BONK/USDT** Considering the possibility of a long position on the BONK/USDT pair with an entry price of "$0.024". To minimize risks, it is suggested to set a stop-loss at the level of $0.0239. **Market Situation Analysis** On the 2-hour timeframe (2h TF), BONKUSDT shows active trading with a volume of 400 million over the last day. After a week-long consolidation, the asset formed a descending channel. There is a false breakout of the lower channel boundary, followed by an active buyer reaction. Large purchases are visible in the order book and high liquidity at round numbers, indicating potential squeezing and increased trader activity. **Expected Movement and Entry Strategy** It is expected that with further increase in activity and liquidity withdrawal from levels above the current price, an impulsive long breakout is possible. The ideal scenario would be local trading of these levels, confirming buyer strength. **Target Levels** The first target for profit-taking is set at $0.26. This will allow locking in gains in case of successful scenario development and buying momentum support.