Technical analysis by taika808 about Symbol BONK: Buy recommendation (9/9/2025)

BONK presents a compelling bullish setup on the daily timeframe. The chart shows several positive technical developments: Key Bullish Signals: Currently trading above key moving averages, indicating momentum shift Strong bounce from the lower support zone around 0.000017 Volume confirmation supports the breakout move Entry Strategy: Current levels offer a good entry opportunity around 0.000024 Alternative entry on any pullback to the green trendline support Price Targets: 1st Target: 0.000035 (previous resistance zone) 2nd Target: 0.000040+ (upper resistance area marked in red) Risk Management: Stop loss below 0.000020 to protect against false breakout The projected path (pink arrow) suggests potential for significant upside The technical structure indicates BONK has completed its consolidation phase and could be entering a new bullish cycle. The risk-to-reward ratio appears favorable for long positions, though traders should manage position sizes appropriately given the volatile nature of meme coins.