BONK | Level ReclaimedI'm not a big memecoin trader, but BONK looks pretty solid here. It has reclaimed an important trading level and also surpassed the diagonal trendline that was acting as resistance. However, it's still trading below the daily MA-50 and is thus not fully bullish, so be careful with position sizing.
BONKUSDT_2F74AD trade ideas
BONKUSDTBONKUSDT was trading under the declining trendline. The price was reacting well the support and resistance of trendline
Currently the price has given the breakout from declining trendline with confluence to strong bullish divergence and now seems like the bulls are getting ready for some strong upside movement.
If the bulls sustain to upside the optimum target could be 0.00002930
What you guys think of this idea?
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🌴
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
#BONK/USDT#BONK
The price is moving in a symmetrical triangle on the 4-hour frame and we have a support area in green at the level of 0.00002600.
We have a higher stability moving average of 100
We have a breakout of the triangle up and a retest
Our RSI indicator has a downtrend that is about to break higher
Entry price is 0.00003296
The first goal is 0.00003883
The second goal is 0.00004365
The third goal is 0.00005121
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
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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!
Bonk - Still HoldingFrom my previous BONK post we outlined the key structure for you:
Now we are seeing BONK respect that key level yet again. This has also formed a triple bottom on our daily RSI (green arrows). The only hurdle we need to get above is our "PA resistance" or the resistance trendline that has been formed from price action.