$BONK short term symmetrical triangle pattern about to break out
Updated
Update: I have upgraded my account, so now I can do better charts. This is an update of my previous BBONK idea published yesterday. Note that I am selling nothing, not affiliated to anything. It is my personal unbiased trading strategy.
Introduction
BBONK is one of the most explosive memes in the top 100 crypto. Handle with care, as it can blow up at any time. It is the "official" meme of Solana. While, like
CRYPTOCAP:FLOKI , the meme itself is horrible visually, the community is huge and active.
History
BBONK experienced a 30% pullback and is ready to pump again by 29%. If it passes through the $0.00003586 resistance, there is nothing to stop it until $0.00004424.
Chart Analysis
We can see the formation of a short term symmetrical triangle formation that is about to break out. The target of this for this pattern is $0.00003747
It is a meme; it is a very risky idea, so DYOR as always.
We do not recommend the use of technical analysis as a sole means of trading decisions. We do not recommend making hurried trading decisions. You should always understand that PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.
Introduction
BBONK is one of the most explosive memes in the top 100 crypto. Handle with care, as it can blow up at any time. It is the "official" meme of Solana. While, like
CRYPTOCAP:FLOKI , the meme itself is horrible visually, the community is huge and active.
History
BBONK experienced a 30% pullback and is ready to pump again by 29%. If it passes through the $0.00003586 resistance, there is nothing to stop it until $0.00004424.
Chart Analysis
We can see the formation of a short term symmetrical triangle formation that is about to break out. The target of this for this pattern is $0.00003747
It is a meme; it is a very risky idea, so DYOR as always.
We do not recommend the use of technical analysis as a sole means of trading decisions. We do not recommend making hurried trading decisions. You should always understand that PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.
Note
Well well, after an attempt at breaking up, the selling pressure with 
BTC not helping, it finally went down. I give it a chance to bottom before closing this trade as failed. Who knows. Time to sleep here, maybe tomorrow will be a better day. Or it will crash massively and it will be a good buy opportunity.Symmetrical can break up or down, and this one was not clear.
Trade closed manually
This idea has been invalidated by a sudden bearish momentum... see you in another idea. This also shows that technical analysis is not a perfect science, external factors like the price of BTC can change the outcome.Note
Order cancelled
Check the updated idea here: 
Disclaimer
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