bonk long ideai see $bonk showing signs of bullish continuation here on the price chart while the market cap and volume continue to increase after its coinbase debut
BONKUSD trade ideas
$BONK🦁 30 Min TF 📉Looking at $BONK it is very likely to continue in its downward trajectory towards
$0.00001635 - $0.00001620 possibly lower. The recent Bitcoin pump helped create some short lived bullish momentum but not enough to continue a steady climb towards & through the previous resistance of $0.00002480 - 2490.
Expect more pressure from the Bears 🐻 📉
Follow me @ Trade_Wolf 🐺 for more analysis, thank you for stopping by...
Above this line, Sol Phone is freeAbove 000020000, the Solana Saga Phone is free ($600/phone.)
Degens are refreshing their allocation value using checkphone.xyz; when CRYPTOCAP:BONK touched $1000/phone, it marked the local top. $600/phone appears to be very strong support.
This line is proving to be support thus far, as degens wait for their shipments to arrive after selling out just a couple days prior.
BULLISH HARMONIC I created this because I know many entered before it dipped. You may be wondering if you should sell for a loss. I myself would not sell. This is a new coin and will have plenty of uptrends but please, before we ever make a financial decision. I encourage you to always buy at the demand zone. I know smart money pretends to bluff but then dips to entice.
I have trend breakout trend lines with harmonic. Smart Money has created this harmonic for themselves.
Horizontal red lines are the danger zones. Once the trend reaches, may dip again.
This was on a 10 min chart, I had to make it a 15 min chart to publish it to the public.
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.
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).
