BONK / TetherUSLong
BONK buy zone for long setup
Updated
I do not like BONK. The meme is horrible, the community on Telegram is full of bots and chatter, and there are many shillers on Twitter. It is a 
SOL coin, and they will do with it the same as they did with OORDI or CRYPTOCAP:WIF : pump it to the max and then throw it away.
However, until that happens, it is a hugely manipulated coin that can make you money.
CRYPTOCAP:BONK is a good profit machine but it can also wreck you. My entry would be at 0.00002000-0.000021000.
CRYPTOCAP:BONK can dump so hard that it can go below 0.00002000 in a matter of hours.
Buying low is the only way you can guarantee some profit because it can go lower easily and wreck you even more.
My green box guarantees about 15% on the way up with no leverage. Today in 6 hours, it went from 0.000027 to 0.000022, so it is entirely possible if
BTC gets a small 5% pullback from here that my target will be met. So I put an order there and I will see.
Always DYOR. Meme coins are highly speculative and can go to zero for no reason other than getting outdated or being killed by a better competitor.
CRYPTOCAP:BONK is useless; their staking has no APR listed on the website, so it is all BS. But big money is using it, so surf the wave and sell as soon as you can to take your profit.
SOL coin, and they will do with it the same as they did with OORDI or CRYPTOCAP:WIF : pump it to the max and then throw it away.However, until that happens, it is a hugely manipulated coin that can make you money.
CRYPTOCAP:BONK is a good profit machine but it can also wreck you. My entry would be at 0.00002000-0.000021000.
CRYPTOCAP:BONK can dump so hard that it can go below 0.00002000 in a matter of hours.
Buying low is the only way you can guarantee some profit because it can go lower easily and wreck you even more.
My green box guarantees about 15% on the way up with no leverage. Today in 6 hours, it went from 0.000027 to 0.000022, so it is entirely possible if
BTC gets a small 5% pullback from here that my target will be met. So I put an order there and I will see.Always DYOR. Meme coins are highly speculative and can go to zero for no reason other than getting outdated or being killed by a better competitor.
CRYPTOCAP:BONK is useless; their staking has no APR listed on the website, so it is all BS. But big money is using it, so surf the wave and sell as soon as you can to take your profit.
Note
If like me you were too late to refill your bags before the pump, we might have another retest. Was sleeping when Trump was shot. Apparently it triggered an unexpected pump.
Crazy world where we live.
I will personally not enter the market until I am sure that we are in a bulish trend. This pump might be temporary. Let see where the market will go in the week.
I stick to my plan and avoid being emotionally triggered, as it most of the time end up in taking the wrong decision.
Note
The market conditions have changed, and we have another opportunity to buy the dip. here is my updated buy zone. I forecast an alt season around September/October 2024, so now is a good opportunity to refill your bag if we are lucky to see CRYPTOCAP:BONK entering the green box again.My updated chart is here.
Note
Buy zone update, we have MT.Gox sending their last batch of 3.5B to Bitstamp. If we are lucky CRYPTOCAP:BONK weill take a hit and enter our 0.00002400 zone, that would be a great buy opportunity. Keep an eye on it.Here is the new updated buy zone. 0.0002600 is also good, but way more risky. I personally would not buy.
Trade closed: target reached
We are back in the buy zone. Time to consider refilling our bags.Another idea that worked.
Note
We are in the buy zone again, another opportunity to buy. This consolidation will end soon. Be ready.
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