๐ Current Market Status:
BONK consolidating in a support area at around $0.00001.
๐ Chart Analysis:
Tight range between current support and descending resistance line from mid-December.
๐ Accumulation Strategy:
30% Allocation: Accumulate a long position in the support area.
30% at Breakout: Deploy another 30% at the break of the resistance line.
40% at Retest: Deploy the remaining 40% at a retest of the breakout.
โ๏ธ Risk Management:
Stop Loss: Set at around $0.0000088.
Take Profit: Targeted at the next area of resistance, around $0.0000168.
๐ฃ Conclusion:
Trading strategy involves strategic accumulation and deployment based on chart patterns.
Risk management in place with specified stop loss and take profit levels.
Trade wisely! ๐๐ก
#BONK #TradingStrategy #CryptoMarket ๐๐
BONK consolidating in a support area at around $0.00001.
๐ Chart Analysis:
Tight range between current support and descending resistance line from mid-December.
๐ Accumulation Strategy:
30% Allocation: Accumulate a long position in the support area.
30% at Breakout: Deploy another 30% at the break of the resistance line.
40% at Retest: Deploy the remaining 40% at a retest of the breakout.
โ๏ธ Risk Management:
Stop Loss: Set at around $0.0000088.
Take Profit: Targeted at the next area of resistance, around $0.0000168.
๐ฃ Conclusion:
Trading strategy involves strategic accumulation and deployment based on chart patterns.
Risk management in place with specified stop loss and take profit levels.
Trade wisely! ๐๐ก
#BONK #TradingStrategy #CryptoMarket ๐๐