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BONK / TetherUS

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BONKUSDT trade ideas

BONK/USDT Break Alert! Potential back to upward after retesting!💎 Paradisers, the recent market dynamics surrounding #BONK have indeed been noteworthy. 💎 After encountering resistance in the recent trading sessions, BONK is now poised for a potential retest of the support level. This retracement is a common occurrence following a breakout of a descending resistance area. The indicator tool MACD is the golden cross which means the price will switch to the bullish. 💎 During this retest phase, it's crucial for BONK to bounce from the support level around 0.00227. A successful bounce would signal strength and readiness to attempt another breakout of the resistance. 💎 If BONK manages to break above this resistance level, it would signify a return to bullish sentiment, with potential for further upward movement towards our target strong resistance area. 💎 However, if BONK fails to bounce from the support area and instead breaks below it, the next likely stop is the Bullish OB area. Historically, BONK has demonstrated the ability to bounce back from this zone and reclaim support. 💎 Nevertheless, if BONK fails to find support even at the Bullish OB area, it would raise concerns about the bullish trend. A candle closing below the Bullish OB area could invalidate the bullish scenario, signaling potential further downward movement. MyCryptoParadise iFeel the success🌴
by MyCryptoParadise_Nathan
2
BONK ANALYSIS🚀#BONK Analysis : 🔮As we can see in the chart of #BONK that there is a formation Descending Channel.... currently #BONK is trading around its major resistance zone. Incase of successful breakout of resistance zone and pattern breakout...... we can expect 2-2.5x bullish wave in coming weeks📈📈 🔰Current Price:  $0.00002057 🎯 Target Price:   $0.00004266 ⚡️What to do ? 👀Keep an eye on #BONK price action. We can trade according to the chart and make some profits⚡️⚡️ #BONK  #Cryptocurrency #TechnicalAnalysis  #DYOR
Long
by ZEUS_Market_Alerts
BONK: Keep an eye on this level! BONK broke the resistance trendline, and we expect the price to continue higher IF BTC corporates! 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 $0.000027 and take profits at the levels shown in the chart. Targets: 1. $0.000028 2. $0.0000293 3. $0.0000305 ------------------------------------------- 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
2
BONK - Held Key LevelCRYPTOCAP_OLD:BONK looks primed for another move to the upside. After predicting the bear market low within a few % we are back with another BONK prediction. We had a horizontal level (white horizontal ray) around $0.00002 that has been established as an important liquidity level. After retesting it, price held up beautiful and has started to move to the upside. Also, our daily RSI is showing strength. We have a green trendline of support dating back to December of 2023 that we just held as support and also a white trendline around the 45 level that we just had our 3rd low put in at.
by VIAQUANT
BONK: Retest and Potential PUMP !BONK is a Solana-based meme coin that has been gaining popularity in recent weeks. The price of BONK has been on a tear, rising from $0.00000001 to $0.0000023 in a matter of days. After reaching a high of $0.0000023, BONK experienced a pullback and retested the 4-hour upper resistance trend line. This retest could be a sign that BONK is ready for another leg up. The AMD setup: The Wyckoff Accumulation, Manipulation, and Distribution (AMD) setup is a popular technical analysis model that describes the three phases of a market cycle: Accumulation: During this phase, large buyers accumulate tokens at low prices, often creating a bullish chart pattern. Manipulation: In this phase, the price is manipulated to create the illusion of a strong uptrend, attracting retail buyers. Distribution: In this phase, the large buyers sell their tokens at high prices, causing the price to dump. The current BONK chart: The current BONK chart shows that the price has been following the AMD setup. Accumulation: The price accumulated in a horizontal range for several weeks. Manipulation: The price broke out of the range and rallied sharply. Distribution: The price pulled back and retested the upper resistance trend line. Why this is a good time to buy: Retest: The retest of the upper resistance trend line provides a good entry opportunity. Volume: The volume is increasing, which is a sign of strength. Social media hype: There is a lot of hype surrounding BONK on social media, which could provide additional fuel for the rally. Conclusion: BONK has been following the AMD setup and is currently retesting the upper resistance trend line. This could be a good time to buy in anticipation of another leg up. However, investors should always do their own research and exercise caution before investing in any cryptocurrency.
Long
by Yaroslav_Krasko