Potential reversal in sight - x100 Potential MEME Coin
Updated
As a price action trader im still waiting for confirmation and/or liquidity sweep however overall
chart looks great with a tons of confluence for a POTENTIAL reversal 😉
We are still bullish on a daily. Yesterday printed a doji candle in high confluence area - daily and 4-hours order block responsible for the last breakout .
We are playing around 200 SMA on 4H and strong volume support area and we are definitely in discount area considering the last leg up.
I would like to see a change of character on 30 min - 1 H and /or a liquidity sweep before calling a trade entry cause we are still in a downtrend until proved otherwise.
ON fundamental side of things - the team is very active and doing everything to bring this coin to BONK market cap.
Keep an eye on this x100 gem is all i am saying 🤑🥸
chart looks great with a tons of confluence for a POTENTIAL reversal 😉
We are still bullish on a daily. Yesterday printed a doji candle in high confluence area - daily and 4-hours order block responsible for the last breakout .
We are playing around 200 SMA on 4H and strong volume support area and we are definitely in discount area considering the last leg up.
I would like to see a change of character on 30 min - 1 H and /or a liquidity sweep before calling a trade entry cause we are still in a downtrend until proved otherwise.
ON fundamental side of things - the team is very active and doing everything to bring this coin to BONK market cap.
Keep an eye on this x100 gem is all i am saying 🤑🥸
Trade active
Small update : Reversal structure is slowly forming however everything is gonna be dependent on BTC.
We got bullish BoS ( Break of structure ) on 1H TF. Im looking for a deeper retracement to around 0,00945 before buying in with bigger bags. However this strategy can have some downsides like missing the move completely cause many times the price will NOT retrace so deep.
You could counter that with partial buy in´s.
Cheers :)
Trade active
Take Profit 1 HIT :)
Except of the day trading im a longer term holder of HONK.
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