1000BONKUSDT trade ideas
🔻 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.
Increased volumes LONG #1000BONKUSDTLONG #1000BONKUSDT from $0.1346
1h TF. The instrument is in the game, is in the growth leaders and is trading at increased volumes, after an upward movement, it entered consolidation, as a result of which it formed a cascade of resistance levels, the closest one near VAH, also large prints for purchase in the glass, ideally I want to see a local trade and another touch in the level, with a smooth approach, preload and an increase in activity in the glass, I expect an impulse exit to the long with the withdrawal of liquidity beyond the levels. The first take is 0.14800