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BONK / TetherUS

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BONKUSDT trade ideas

BONK/USD MEMECOIN READY TO DROP HARD!! SELL NOWThe Key factor to watch is bitcoin dominance , we see ETH/BTC pair as broken down which give the flow of liquidity to bitcoin! hence all the altcoin will dry up in liquidity which will make the price of those token drop and we seeing a similar thing when you look at the meme coin king DOGECOIN BONK CHART Looks very similar to shiba inu, price which has already broke the wedge to downside so I expect to see something similar for bonk Follow me for more analysis in crypto , like and share Thank You
Short
by ShinForex1
BONK: We will soon see a big breakout! The price is getting closer to the triangle's upper trendline, and now is the time to keep an eye on BONK! If you're looking to trade BONK at the moment, here's a quick setup that you might find helpful! The idea is: Buy when the price breaks above $0.0000253 and take profits at the levels shown in the chart. Targets: 1. $0.0000263 2. $0.0000285 3. $0.00003 ------------------------------------------- About our trades: Our success rate is notably high, with 10 out of 11 posted trade setups achieving at least their first target upon a breakout price breach (The most on TW!). Our TradingView page serves as a testament to this claim, and we invite you to verify it!
Long
by MBM_Crypto
BONK Weekly AnalysisBonk surged by an impressive 16.13%, outperforming amidst a predominantly bearish market. It reached a peak of $0.00002967 before undergoing a correction. Currently, Bonk is exhibiting a descending triangle pattern, characterized by lower highs and lower lows. It now hovers around the demand zone near the $0.00002285 mark, testing this crucial support level. A breach of this level could signal a continuation of the downtrend. In the one-day timeframe, oscillators remain neutral, while moving averages suggest a buy signal. However, in the weekly timeframe, moving averages strongly indicate a buy signal, contrasting with sell signals from the oscillators.
Short
by Mudrex
BONK - FAKE TRIANGLE PATTERN ! Be aware HAMSTERS 🐹!!!BONK is currently trading within a symmetrical triangle pattern on the 1-hour timeframe. This pattern is characterized by converging trendlines connecting a series of price highs and lows, creating a triangle shape. Symmetrical triangles are often considered continuation patterns, suggesting that the price is likely to break out in the direction of the prevailing trend. Downward Breakout and Imbalance: BONK has recently experienced a downward breakout from the symmetrical triangle pattern. This breakout suggests a potential shift in momentum towards the bearish side. However, it is important to note that false breakouts can occur, and further price action is needed to confirm the breakout's validity. Unfilled Imbalance: Within the symmetrical triangle pattern, there is an unfilled imbalance zone between $0.55 and $0.60. This imbalance represents a price area where there is a higher concentration of sell orders compared to buy orders. Imbalances can act as magnets, pulling the price towards them to fill the excess orders. Potential Retest and Bullish Breakout: Given the downward breakout and unfilled imbalance, two scenarios could unfold: 1. Retest of 0.5 Imbalance Level: The price could retest the 0.5 Fibonacci retracement level of the imbalance, around $0.575. This retest could serve to shake out weak hands and accumulate liquidity before a potential reversal. 2. Breakout of Symmetrical Triangle: If the price can hold above the 0.5 imbalance level and reclaim the symmetrical triangle pattern, it could signal a resumption of the uptrend. A potential target for the breakout would be the $0.70 resistance level. Significance of False Breakouts: False breakouts of symmetrical triangles are often considered bullish continuation patterns. This is because they can shake out weak hands and trap liquidity on the wrong side of the market, potentially fueling a subsequent breakout in the opposite direction. Overall Outlook: BONK's price action suggests a potential breakout from the symmetrical triangle pattern, with the possibility of a retest of the 0.5 imbalance level before a potential bullish continuation. While a downward breakout has occurred, false breakouts are common in this pattern, and further price action is needed for confirmation.
Long
by Yaroslav_Krasko
Long position NOWMy Buy In: 0.0000257 - 0.00002680 Target 1: 0.00002904 Target 2: 0.00003571 Investing in cryptocurrencies carries inherent risks and may result in financial loss. The volatile nature of the crypto market can lead to sudden price fluctuations and uncertainties. It is important to conduct thorough research, seek professional advice, and only invest funds that you can afford to lose. The information provided on this chart is for informational purposes only and should not be considered as financial advice. Crypto Trader do not guarantee any specific investment outcomes and recommend exercising caution and due diligence when making investment decisions in the crypto space.
Long
by CryptoTrader_CCT
3
BONK: Set your alerts!The price is getting closer to the triangle's upper trendline, and now is the time to keep an eye on BONK! If you're looking to trade BONK at the moment, here's a quick setup that you might find helpful! The idea is: Buy when the price breaks above $0.0000253 and take profits at the levels shown in the chart. Targets: 1. $0.0000263 2. $0.0000285 3. $0.00003 ------------------------------------------- About our trades: Our success rate is notably high, with 10 out of 11 posted trade setups achieving at least their first target upon a breakout price breach (The most on TW!). Our TradingView page serves as a testament to this claim, and we invite you to verify it!
Long
by MBM_Crypto