Bonkusdt trading opportunity

BONK/USDT recently broke out of a well-defined symmetrical triangle, signaling a potential bullish continuation. The price has remained stable above the breakout zone, reinforcing the strength of this move.

Our initial target aligns with the triangle’s measured move based on a 1:1 ratio, while the extended target area provides further upside potential. The key focus is on the accumulation zone highlighted on the chart, offering an optimal entry for those seeking to ride this trend. Given the asset’s volatility, it’s essential to trade cautiously and avoid excessive leverage.

Let us know your thoughts on this setup!

Our previous view on Bonk is here