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BONKUSD trade ideas

Speculative BONK Long Trade with High RRRAdmittedly: This long setup in BONK does not have particularly high chances of success. The price is in a general downtrend, and significant recoveries have been absent so far. However, the BONK price recently reached an important support level on the H4 timeframe. This was followed by a stabilization, and a change of character was achieved on the H1 timeframe. For us, this presents an opportunity to enter a very speculative long trade with an exceptionally high RRR of approximately 8.5:1. We have chosen the as-yet-untested balance price area near the high of late May 2024 as the target.
COINBASE:BONKUSDLong
by Ochlokrat
1
If bonk validates the channel breakout here target = .00003736The previous daily candle closed with he top trendline of the channel as support and now the current candle is seeing a bullish impulse suggesting the tp trendline has been flipped to solidified support and that it could already potentially be validating the breakout. I’ve seen bigger fakeouts than this before so I’m not ready to say the breakout is confirmed jsut yet but so far probability is favoring it. *not financial advice*
COINBASE:BONKUSD
by DrDovetail
1
BONK → a valuable coin!hello guys... Bonk is Solana's social layer and community meme coin with deep integrations as a utility token across a wide base of applications and protocols within the web3 ecosystem. We aim to achieve this by expanding our growing list of integrations. bonk is bullish, why?! 1- it made an ascending channel! 2- it made a head and shoulders pattern! 3- it made another short time frame ascending channel too! targets will be: 1-0.000054 2-0.000072 3-0.000103 ___________________________ ✓✓✓ always do your research. ❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them. ❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
PYTH:BONKUSDLong
by melikatrader94
6
BONKUSD Major bullish breakout happening.Bonk is on the strongest 1W candle since February 26th 2024, with the 1W RSI having completed a bullish cross over its MA level the previous week. We are practically on the same symmetric bullish wave as then. Our target remains intact on the 1.236 Fibonacci extension (TP = 0.0000650). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:BONKUSDLong
by InvestingScope
BONK Long DCA 4.7:1 RRDivergence on all exchange volume played out as expected causing a retracement here. Looking for a long entry down towards the upward trend line of the large ascending triangle pushing up to the 2940 level. Setting buys for DCA at 2600. 2500. 2400, 2300 looking for an average entry around the pocket between 0.5 and 0.68 Fib level of the last run up. Target 1: 0.00003700 Target 0.00004667 RR: 4.7:1 SL 2070, or more aggressive under the support at 2250
COINBASE:BONKUSDLong
by HolRiz
3
BONK - Trade setupTechically speaking, BONK is one of the most bullish charts I am looking at, again just my persepctive. We are close to all time highs, and memecoins continue to be leading the market when Bitcoin recovers. We’ve see PEPE be a big winner this week as well. Below are some thoughts on BONK using Fibonacci analysis. Bullish scenario BONK needs to get above the 0.618 ‘golden-ratio’ fib for this technical setup to be valid to begin with. From there the next targets is the previous high, the 1.212 fib and the 1.618 fib. From current prices, the upper target is an ~100% move. Bearish scenario A breakdown from here and making a new local low would be a bearish move, that could take some time to recover in my opinion.
CRYPTO:BONKUSD
by PHundal