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Bonk / Wrapped SOL

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BONKSOL_HVNWZT.USD trade ideas

Pullback Phase in BONK Teases Deeper Retest!Sharp Pullback Observed: BONK price experiences a significant dip, dropping over 20%. Retest at $0.000020: Despite the pullback, there's a hint of a potential reversal around the $0.000020 level. Potential for Price Breach: If buyers re-emerge at the retest point, BONK market price could potentially break through the $0.000036 mark. Market Retest Phase: Aligning with Bitcoin's weekend dip, altcoins, including BONK, enter a retest phase, possibly refueling the ongoing recovery rally. Optimistic Outlook: Despite the recent gains and subsequent pullback, the Bonk price prediction remains positive, buoyed by its listing on prominent exchanges and increasing community interest. 4-Hour Chart Analysis: BONK's price trend, after reaching a high of $0.000025, faces rejection, leading to a pullback. The evening star pattern indicates a fall below the $0.000025 level. Weekend Volume Impact: The pullback coincides with lower weekend volumes and a broader market correction. Technical Indicators - RSI: RSI in the 4-hour chart suggests a breather phase, with a minor increase in selling momentum, yet the overall trend is still positive. BONK’s Future Trajectory: Despite the current dip, the BONK price is trading at $0.000024793, forming a Doji candle, which could indicate a turnaround. Fibonacci Levels in Focus: Trend-based Fibonacci levels suggest a retest could go down to $0.000020, with a potential rebound up to $0.000053.
CRYPTO:BONKUSDLong
by Coinpedia-Market-Insight
BONK x Saga TradeSome traders are buying the Solana Saga phone to claim a 30 million BONKUSD airdrop, currently worth a little more than the phone. Preface: Short term cap gains on BONK claim, for a phone you presumably doxxed to buy, is between 10% & 37%. Averaged to 20%, means you'll owe $100 on $500 of CRYPTOCAP:BONK , $160 at $800. Current Trend: BONK is averaging a 40% correction after each impulsive move. Its potentially topping as we speak & another 40% correction would align well with fib retracement levels. Corrective moves ~5-7 day duration. If your phone arrives in 3 days, price is potentially already trending down. Forecast: At a 20% drop from current levels, at 0.000023 BONKUSD, you cash out for $690. Cap gains are $138, you net $552. Worst case lets say you sell the bottom of that local correction after a 40% drop - thats 0.000018 BONKUSD which comes out to $540, with $108 cap gains, net $432. Still not terrible, could be better. The bigger risk is whether this is a local top, or a larger selloff. If the correction extends beyond the 50% fib retracement, you might be hurting. With the BONK devs reportedly selling today, a larger selloff on the horizon isn't out of the question. Long term perhaps BONK is a bull market contender and long term HODL, but this is a bit farther out on the risk scale than many other options. Larger Correction: if we log a larger selloff, a good speculative target is between 0.0000013385 and 0.0000023808 BONKUSD, a ~90% drop in value from current price - reasonable after a parabolic move to the upside. Remember how many FWB:PEPE bagholders bought the top during bear, and the memetics behind PEPE are arguably much stronger than whatever a BONK is.. (I own neither).
CRYPTO:BONKUSD
by 1BigPapi
1