BONKUST trade ideas
Rangebound. But not for much longer!$BONK aka Bonk Inu has been moving within a tight range for a while - it was on the sidelines and dragged while Solana made it's price moves. Now that the market is feeling comfortable with it's recent bullish turn -- whether that is a long term bull trend reversal or simply a bear market rally is to be seen -- money will start to flow to coins that have few bagholders. Bonk was an airdrop and those who wanted to sell it have sold most likely, those that haven't are likely waiting for prices that we haven't seen yet. It's clear on the chart that somebody is buying up those airdrop for no less than ~$0.0000007777. The boring period does come to an end at some point, and when it does I'm betting the price will be marked up. Price has been in an accumulation / consolidation zone since January 11th when a large holder pulled their liquidity from Orca.
Two resistance levels are shown on the chart - once Bonk blows past those, it's price discovery time. Do I hear "Bonk to $1!" in the distance?
Do the needfulPredictions where narrowly missed but I'm intrigued that the price is flowing along with them.
It looks like we are coming to what could be a critical juncture.
Play the previous idea to see the results of the predictions.
Also if your part of the community get your ass online and bonk.
Bonk Coming into the buy zoneThis is my new script the volume overlay tool I will be calling the trades about to happen tool. Bonk is winding up for wave C and the more bullish BTC looks the more likely a breakout for BONK that there is. Demand zones are shaded. Target is a retest of .0000013-.0000015 and hopefully a rise in volume and then those areas become support.If you are interested in trying out these tools for free send me your tradingview username.
Saving this until march.This chart doesn't have the beginning of BONK.
I had to put together some trend lines to best show the other layers of support.
Its looking like we can still go lower without breaking trend.
Also its looking like it could be sideways for a while, and experience tells me huge pumps "could" happen when the volume slows to a crawl, because everyone I do see a pump like that, Its usually slow sideways and quiet often times.