Increased volumes LONG #1000BONKUSDTLONG #1000BONKUSDT from $0.1346
1h TF. The instrument is in the game, is in the growth leaders and is trading at increased volumes, after an upward movement, it entered consolidation, as a result of which it formed a cascade of resistance levels, the closest one near VAH, also large prints for purchase in the glass, ideally I want to see a local trade and another touch in the level, with a smooth approach, preload and an increase in activity in the glass, I expect an impulse exit to the long with the withdrawal of liquidity beyond the levels. The first take is 0.14800
1000BONKUSDT trade ideas
BONK/USDT correction phase BONK/USDT pair so far has had a +200% rally since November 2023; clearly, we can see the full cycle of this surge. for now waiting reaction of 0.013$ area how it reacts. If you start getting lost fuel, start the DCA in a short position for 30–40% correction. As always, low-mid market cap expectations were very sharply corrected, as the alternative for wave 2 was sideways.
BONK H&S 1000BONK UPDATE: 1000BONK created inverse head and shoulders pattern on 4hrs TF….. The neckline is currently serving as a major resistance but I’m looking into two scenarios here…
First scenario: I will patiently wait for breakout from the neckline and take a limb from there after retest of the neckline
Second scenario: I will wait for a pullback from here and take a long from 1hr TF unmitigated bullish OB around 0.004395 and long from there to previous swing high….
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