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BONK / TetherUS

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BONKUSDT trade ideas

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
Bonk Rally Alert: Your l to Buy and Prosper!**Technical Analysis Chart Description:** Welcome to my Technical Analysis charts on TradingView! Before we dive into the analysis, it's essential to understand some important warnings: 1. **Subjectivity Alert:** Technical analysis involves interpreting market data and chart patterns, which can be subjective. Different analysts may interpret the same data differently, leading to varied conclusions. 2. **Historical Performance Doesn't Guarantee Future Results:** Past price movements do not guarantee future price movements. While historical data can provide insights, it's crucial to consider other factors that could influence price action. 3. **Risk of False Signals:** Technical indicators and chart patterns can produce false signals, leading to potential losses if relied upon blindly. Always cross-verify signals with other indicators or fundamental analysis. 4. **Market Volatility:** Crypto markets are highly volatile and can experience rapid price fluctuations. Be prepared for sudden and unexpected price movements, which may invalidate previously identified patterns. 5. **Risk Management:** Proper risk management is essential. Never invest more than you can afford to lose, and consider using stop-loss orders to mitigate potential losses. 6. **Emotional Bias:** Avoid emotional decision-making based on short-term price movements. Stick to your trading plan and strategy, and don't let fear or greed influence your decisions. **Disclaimer for Crypto Trading:** Trading cryptocurrencies carries inherent risks, and it's important to understand the following: Cryptocurrency markets are highly speculative and can be subject to extreme volatility. Prices can fluctuate significantly within short periods, leading to substantial gains or losses. Investing in cryptocurrencies involves the risk of total loss of capital. Unlike traditional assets, cryptocurrencies are not backed by any tangible assets or central authority, making them inherently risky. Regulatory uncertainty and market manipulation are additional risks associated with cryptocurrency trading. Regulatory changes or negative news can have a significant impact on prices. This analysis is for informational purposes only and should not be construed as financial advice. It's crucial to conduct thorough research and consult with a qualified financial advisor before making any investment decisions in the cryptocurrency markets. By using this analysis, you acknowledge and accept the risks associated with cryptocurrency trading and agree to trade at your own discretion. The author of this analysis shall not be held responsible for any losses incurred as a result of using the information provided.
Long
by MoonTradingForecast
2
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