📈 BONKUSDT | Long Setup – Fib Support + Price Action Scenario
I usually avoid trading meme coins from the Solana ecosystem, but many SOL-based memes are currently sitting at technically significant support levels — and BONK is one of them.
🔹 Price has retraced into the 0.618 – 0.65 Fibonacci support zone, which historically has acted as a strong reversal area.
🔹 This region aligns with previous liquidity grabs and provides a solid foundation for a potential trend reversal.
🔹 A developing consolidation structure here supports a scenario where price may sweep local lows before a bullish break.
🟢 Projected move:
– Some accumulation at support
– Gradual structure shift with higher highs and higher lows
– Upside potential targeting 0.00001998
– Followed by a healthy pullback/retest
🎯 Target: 0.00001998
🛡️ Stop: 0.00001106
📈 Risk/Reward Ratio: Technically strong long setup
Despite it being a meme, I approach this trade purely from a technical perspective. Price action matters more than the narrative.
⚠️ This is not financial advice.
#BONK #MemeCoin #Solana #Altcoins #BONKUSDT #CryptoAnalysis #TradingView
I usually avoid trading meme coins from the Solana ecosystem, but many SOL-based memes are currently sitting at technically significant support levels — and BONK is one of them.
🔹 Price has retraced into the 0.618 – 0.65 Fibonacci support zone, which historically has acted as a strong reversal area.
🔹 This region aligns with previous liquidity grabs and provides a solid foundation for a potential trend reversal.
🔹 A developing consolidation structure here supports a scenario where price may sweep local lows before a bullish break.
🟢 Projected move:
– Some accumulation at support
– Gradual structure shift with higher highs and higher lows
– Upside potential targeting 0.00001998
– Followed by a healthy pullback/retest
🎯 Target: 0.00001998
🛡️ Stop: 0.00001106
📈 Risk/Reward Ratio: Technically strong long setup
Despite it being a meme, I approach this trade purely from a technical perspective. Price action matters more than the narrative.
⚠️ This is not financial advice.
#BONK #MemeCoin #Solana #Altcoins #BONKUSDT #CryptoAnalysis #TradingView
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.