LONG #1000BONKUSDTLONG #1000BONKUSDT from $0.010642
30m TF. The coin is once again approaching the resistance level. Locally, there is an increase in volume and an uptrend with the consolidation of new price lows along the trend line. I expect to see liquidity beyond the level of a few touches, due to which the upward movement will continue.
I am waiting for the formation of consolidation near the level, acceleration of the tape and an increase in passing volumes before the breakdown.
1000BONKUSDT trade ideas
#1000BONK/USDT is holding PWL and PML strong support zone in 4-H#1000BONK/USDT is holding PWL and PML strong support zone in 4-Hour TF!
SEED_DONKEYDAN_MARKET_CAP:BONK needs to clear the Trendline and PDH to gain the bullish momentum. Wait for BO/retest to long it. If #BONKUSDT breaks this support zone, we can short it.
🔻 SHORT #1000BONKUSDTSHORT #1000BONKUSDT from $0.011101
The BONK asset did not show buyer activity after a strong dump and did not close the bearish imbalance, so a horizontal support level with many confirmations was formed again. There is an increased daily volume, as well as increased seller activity with price compression near the level. I expect to see a continuation of the trend and a breakdown of the level on the volumes of sellers with excellent potential.
#1000BONKUSDT SHORTSHORT #1000BONKUSDT from $0.017567
30m TF. The instrument has formed a descending structure in the form of a triangle with decreasing highs, which indicates the strength and activity of sellers pushing the price to break. Against this background, a strong level of support was also formed, which accumulated the feet of long participants over many touches.
I am considering a smooth approach with trading near the level and accelerating the tape of transactions before the breakdown.
Mock Up Price Action for BONK | Near Term (12HR)Mock Up Price Action for BONK | Near Term (12HR)
- Watching and waiting for opportunity to enter short
- Adjusted my short entry price much higher, not taking any chances with this one
- Very suspicious volume while the rest of the market intermittently pulled back
Mock Up Price Action for 1000BONK | Near Term (30MIN)Mock Up Price Action for GATEIO:BONKUSDT / BINANCE:1000BONKUSDT.P | Near Term (30MIN)
- Watching and waiting for opportunity to enter short
- Adjusted my short entry price much higher
- It's foolish to chase, not taking any chances with this one
- If it hits, awesome, high profit potential, lower risk
- If it doesn't hit, awesome, no profit, no risk
- The market will provide more opportunities
NOTE: I'm more pessimistic and cautious than most. I know it's unpopular to be screaming short, when everything is long and the market is bullish. But to me... Nothing goes up for 2-3 months this high, this hard, this fast, without a measured swing in the other direction. The ONLY project besides my long term holdings that I am investing in right now are those hidden gems undervalued ones that haven't had their turn yet. My overwhelmingly top pick being, OKX:CSPRUSDT by a mile. Of which I've been heavily accumulating over the past 6 months and I believe it is due a nice run impending. As this recovery cycle money flows from BTC to then ETH to then Large/Mid Cap Alts before finally Small/Micro Cap Alts.. Timing wise, CSPR is due.
Mock Up Price Action for 1000BONK | Near Term (30MIN)Mock Up Price Action for 1000BONK | Near Term (30MIN)
- Watching and waiting for opportunity to enter short
- Adjusted my short entry price much higher, not taking any chances with this one
- So far so good | I did make a very quick in and out play on most recent impulse, ~50% profit cleared small short position get in get out.