לונג

$BONK new setup.

מעודכן

What do we know?

BBONK is related to SOL. If SOL dumps, BBONK dumps as well; if SOL pumps, BBONK
pumps. BBONK has entered the resistance zone and stopped its freefall.
The FOMC meeting on Wednesday has a high probability of announcing positive news about interest rates. Since the BCE, Bank of Canada, and other central banks have lowered their interest rates, the FED is likely to do the same in the short term.
The RSI on 1H is low, indicating that BBONK is underbought.
The CMF shows strength above 0. This means that more money and buyers are coming in.
BBONK is one of the top meme coin with listing in all biggest CED like Binance and Coinbase..
The S&P 500 had a pullback, which could have negatively affected the price of BTC.
The dollar is going higher, which can also negatively affect the price of BTC.

Conclusion
Taking all this information into account, we are in a precarious situation, but if
does not crash further, I think we are close to the bottom for BONK. A possible dump to $0.00002500 is still possible but with low probability. Considering that this coin can do a +40% in 4 hours, I am buying long.

Here is my personal trading plan. I take the risk; DYOR and be sure to double-check before following. If you find something wrong, please leave a comment.

Buy: between $0.00002500 and $0.00002800
Take Profit (TP) at Fibonacci levels:

TP 1: $0.00002927
TP 2: $0.00003254
TP 3: $0.00003483
TP 4: $0.00003997
TP 5 to the moon: $0.00004456

Final reminder: this is my personal trading plan. External events can invalidate it, such as dumping, dumping, or any bad news, a war, a black swan event, etc. Do not blame me if you lose money following my plan; we are in the same boat, and I will lose too!

Enjoy riding this crazy coin. Big risks mean big rewards.
Do not use leverage with meme coins.

הערה

We touched the TP1 at 0.00002918 then the market decided to continue to correct. is going down, and has signs of bearishness. People are worried about the FOMC meeting on Wednesday. Until then we will probably range in the support area. Patience.

הערה

is following the market while still having some selling pressure and lack of demand. It is following but with a 1D Bearish that is pushing it down. Once the 1D MACD will touch the bottom, the downtrend will probably change into an uptrend. Meanwhile we need to wait this to happen. pumping to 71k would for sure blast some of our TPs but, we need to wait the FOMC meeting to get this.
We can identify some interesting patterns showing that we might be at the bottom. We broke down from a descending bearish triangle pattern, and now we are in a ascending triangle expending, which a bullish. It is the first sign of bullishness since started its correction.

הערה

Well, dumping to 68k is not going to help any altcoin! Welcome to the rekt club!

הערה

Ok so now crashed down to $67,500. The shorts are making a forture! The long are wreck. Remember that can make +40% in a day and did it already several times. High risks, high rewards. Patience is key. Do not break your phone again!

עסקה פעילה

We reached a bottom at 0.00002500. Buyers are back and we pumped back to 0.00002700. We need to reclaim 0.0002800 for a proper support. Market makers! Go go go !

הערה

Sorry to spam but so many things are happening that are critical, I have to comment to keep you tuned.

Right now is the BEST PERFORMING coin in the top 100! So congratulation to the market makers, community and everyone involved,

We have made it to the 0.00002800 support.
The next step is to climb more to 0.00003200 as it is another critical support, if we reach this support, we are ready to climb to ATH.

is about to do a huge move to the upside, I know it does not look like this, but the market like to surprise, and it will. So if you are on the side of the road, step in, buy something, because you do not want to miss this.

is now showing in green in the eye of millions of investors, which is an amazing achievement. If BTC is having a pump to 71k we have a great probability to reach many targets, even a new ATH. So let's pray that Powell tomorrow will not spoil the party!

הערה

We are now consolidating in a symmetrical triangle formation inside the supply zone. This can breaks up or down, it all depends on which direction will take. is trading above $67. It has to hold.

עסקה פעילה

TP 1 smashed! Pump as expected.

הערה

Well at 65k... next TP will have to wait.

הערה

Hum, the market sucks. Most alts are bleeding to death! is at $0.95, at 0.87 and CRYPTOCAP:MATIC at $0.51. That is their price one year ago.
Since the price of dropped under the support box, now there is no bottom. If drop to or worse 61k then it time to go in vacation!
We reached TP1, but my stop loss reminded me to stop this trade, until something happen and altcoins are bullish again.

עסקה סגורה: הגיע לסטופ

הערה

Wow reached 0.00002020!!! All altcoins are down with double digit!
Remember Warren Buffet said: "Be fearful when others are gready, and gready when people are fearfull."
I am buying.

הערה

is doing a MASSIVE inverted head and shoulder pattern. It is really huge.

הערה

Finally, CRYPTOCAP:BONK after a massive dump reached our TP1 and TP2.
Patience is key!

CryptoNikkoid

כתב ויתור

המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.