Normally I only short term trade the markets with supply demand methology.
But Bonk on the weekly timeframe looks pretty solid.
There is a strong demand zone indicated in the blue zone.
The last move up was explosive, so I place my limit order in the demand zone 50%
And from there I surf the wave next bullrun to new all time highs.
For now I have my TP at 200% but I can trail my SL when I see the price has more room to go.
But Bonk on the weekly timeframe looks pretty solid.
There is a strong demand zone indicated in the blue zone.
The last move up was explosive, so I place my limit order in the demand zone 50%
And from there I surf the wave next bullrun to new all time highs.
For now I have my TP at 200% but I can trail my SL when I see the price has more room to go.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.