$BONK Lift off is only a few candlesticks away!$BONK has been following a consistent trend the past few weeks. We should expect that to continue unless the SEC messes things up. They took down CZ recently so who knows what will happen next. This is your last entry for $BONK potentially. This is not financial advice.
BNK
BANKERA - BNK ready for a huge leg up 155%Seems like Banera BNK has been in a consolidation phase for a period of time,
Looking @ Etherscan the top 100 holders hold approx 40%+-
With a number of these buying in the past 3-6 months
Initial target is a HUGE 155% growth, it appears an descending triangle pattern is due to complete.
Then retracement back to a what appears to be a soft support/resistance line.
Provided this holds a further 290% (from current level) is achievable re-testing the 2nd resistance level.
Huge potential here!
Full diclosure, I have purchased and now hold a parcel
All information is for educational purposes for testing charting patters and fundaments, always looking for feedback, and not intended as investment advice or guidance
NQ BANK - Gap to GapWhich one fills first with Financials reporting beginning next week.
This Index will act as support for the RTY and ES in the Short Run.
It is not providing much but is the broadest base of reference for the ES & RTY.
The upper Gap should fill 1st.
AO remains in recovery mode for now.
______________________________________________________________________
Repeatedly mentioned this Gap Fill concern for ES RTY Prorp, it's in trade for now.
Keep this one handy for the reversal.
It's coming.
LONG Options Trading: BNK Mellon(BK) Buy Call $45.50 Exp: 7/19Understanding The trade:
As an options trader my goal is to identify trend change and utilize a breakout strategy to leverage profit off of major trend changes with minimal risk. Even though this contract does not expire till 7/19 I will be looking to take profit by early July as the rate of decay factor starts to come into play as the contract approaches expiry. This should correlate nicely with the Fib Retracement lvl.236. If you have any questions, please feel free to comment below and follow. Thank you and trade safe.
Reasons For Trade:
• Bounced off the May 31st low of 42~43 lvl
• Broken downward channel (1D chart Jan 17st -June 3rd)
• Broken RSI Channel
• RSI Overbought > 30
Trade Parameters:
• Broker: Robinhood
• Cost For Entry: Free
• Contracts: 2
• Entry Price: .44
• Risk: $88
• Reward: $88
• ROI: 100%
• Risk/Reward Ratio: 1:1
BNK ETFChallenge to multi-year Overhead supply, run by non-commercial traders.
According to many colleagues usually, this behavior encourages retailers to take the trade but in reality fails as it is run late.
Therefore, I personally think that at some point European banks as a whole are to outperform.