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Bonkusdtsignals

BONKUSDT Ready for Big PUMP!!!BINANCE:BONKUSDT has recently broken out and successfully retested a previous resistance level, showing signs of strength. Now, it’s attempting to break out of a triangle pattern, with the resistance line acting as a key barrier. If it manages to break through, a significant upward move could be on the horizon, fueled by the ongoing memecoin craze. However, caution is advised—consider using only a small portion of your capital to manage risk in this volatile environment. BINANCE:1000BONKUSDT.P Currently trading at $0.000036 Buy level: Above $0.000033 Stop loss: Below $0.0000262 Max Leverage 3x Always keep Stop loss Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts
Long
by GreenCryptoTrades
1
BONKUSDT - UniverseMetta - Analysis#BONKUSDT - UniverseMetta - Analysis On D1, the price may push off from the lower border of the channel and begin an upward trend. From the border you can see rebounds of 30% - 80%, which indicates the presence of buyers. On H4, for confirmation, you can wait for the formation of a 3-wave structure along the trend and consider buying. You should be careful if an ABC or 3-wave structure in the opposite direction is formed (the presence of a 5th wave down), the price may make a false breakout and update the low again. Target: 0.00002355 - 0.00003392
Long
by Trade-U-Metta
BONK surges 10%. Will the rally sustain?BONK’s price was bearish in the early hours of the day before support was established at the intra-day low of $0.00002. However, with the announcement of the treasury proposing an 84 billion token burn, the digital asset witnessed a 10% surge, reshaping investor sentiment and market trend. This strategy is part of a broader effort to enhance token scarcity and increase its value over time. This can be considered as the turning point for BONK since decreasing the supply is usually positive for the investors. This burn according to the announcement represents the q2 amount of BONK sent to the DAO from BONKBot. In April, the BONK Decentralized Autonomous Organization (DAO) had already set a precedent for such impactful decisions. The DAO passed a proposal to burn a staggering 278.39 trillion BONK, with the community vote showing overwhelming support: 418.63 trillion votes in favor, representing 99.9% approval.  The technical indicators on the BONKUSDT price chart point to continued bullish momentum. The Money Flow Index (MFI) rating of 68 suggests that money flows in the BONK market may sustain a bullish rally.  In addition, the Moving Average Convergence Divergence (MACD) has shifted into the positive region and above its signal line, reflecting a strengthening bullish trend. Moreover, the histogram developing higher bars suggests that buying pressure is increasing. Concurrently, with a Relative Strength Index (RSI) rating of 67, this bullish momentum will likely trend upwards, with a potential target of $0.00003600 after hitting a double-bottom pattern on the 4-hour price chart. 
Long
by paul_endeo
BONKUSDT - UniverseMetta - Analysis#BONKUSDT - UniverseMetta - Analysis On D1, the price may push off from the lower border of the channel and begin an upward trend. From the border you can see a rebound of 30%, which indicates the presence of buyers. On H4, for confirmation, you can wait for the formation of a 3-wave structure along the trend and consider buying. You should be careful if an ABC or 3-wave structure is formed, the price may make a false breakout and update the low again. Target: 0.00002525 - 0.00003378
Long
by Trade-U-Metta
1
BONK/USDT Break Alert! Potential back to upward after retesting!💎 Paradisers, the recent market dynamics surrounding #BONK have indeed been noteworthy. 💎 After encountering resistance in the recent trading sessions, BONK is now poised for a potential retest of the support level. This retracement is a common occurrence following a breakout of a descending resistance area. The indicator tool MACD is the golden cross which means the price will switch to the bullish. 💎 During this retest phase, it's crucial for BONK to bounce from the support level around 0.00227. A successful bounce would signal strength and readiness to attempt another breakout of the resistance. 💎 If BONK manages to break above this resistance level, it would signify a return to bullish sentiment, with potential for further upward movement towards our target strong resistance area. 💎 However, if BONK fails to bounce from the support area and instead breaks below it, the next likely stop is the Bullish OB area. Historically, BONK has demonstrated the ability to bounce back from this zone and reclaim support. 💎 Nevertheless, if BONK fails to find support even at the Bullish OB area, it would raise concerns about the bullish trend. A candle closing below the Bullish OB area could invalidate the bullish scenario, signaling potential further downward movement. MyCryptoParadise iFeel the success🌴
by MyCryptoParadise_Nathan
2