This setup is based on a multi-factor method combining structure, RSI level, liquidity zones, and active narrative catalysts.
🧠 Method used:
• Identified a potential double bottom on strong historical support
• RSI < 40 on 12h TF → ideal zone for accumulation
• Price compression near key support levels
• BTC correlation checked (neutral to mildly bullish)
• Ongoing community narrative: BONK Arena (engagement + visibility)
🎯 Trade plan:
• Anticipated entry zone: 0.0000136 – 0.0000142
• Breakout confirmation: Above 0.0000150 with rising volume
• Stop-loss: 0.0000129
• TP1: 0.0000160 (+12%)
• TP2: 0.0000179 (+28%)
• TP3: 0.0000220 (+50%)
📌 Objective: short-term swing (1–2 weeks max)
Invalidation: close below 0.0000129 with confirmed volume.
Watching closely for a breakout trigger above 0.0000150.
🧠 Method used:
• Identified a potential double bottom on strong historical support
• RSI < 40 on 12h TF → ideal zone for accumulation
• Price compression near key support levels
• BTC correlation checked (neutral to mildly bullish)
• Ongoing community narrative: BONK Arena (engagement + visibility)
🎯 Trade plan:
• Anticipated entry zone: 0.0000136 – 0.0000142
• Breakout confirmation: Above 0.0000150 with rising volume
• Stop-loss: 0.0000129
• TP1: 0.0000160 (+12%)
• TP2: 0.0000179 (+28%)
• TP3: 0.0000220 (+50%)
📌 Objective: short-term swing (1–2 weeks max)
Invalidation: close below 0.0000129 with confirmed volume.
Watching closely for a breakout trigger above 0.0000150.
Trade active
Everyone trades differently. Personally, I buy when the breakout is confirmed.
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.
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.