📊 Current Market Status:
BONK consolidating in a support area at around $0.00001.
📈 Chart Analysis:
Tight range between current support and descending resistance line from mid-December.
🔄 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.
⚖️ Risk Management:
Stop Loss: Set at around $0.0000088.
Take Profit: Targeted at the next area of resistance, around $0.0000168.
📣 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! 📈💡
#BONK #TradingStrategy #CryptoMarket 🌐📊
BONK consolidating in a support area at around $0.00001.
📈 Chart Analysis:
Tight range between current support and descending resistance line from mid-December.
🔄 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.
⚖️ Risk Management:
Stop Loss: Set at around $0.0000088.
Take Profit: Targeted at the next area of resistance, around $0.0000168.
📣 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! 📈💡
#BONK #TradingStrategy #CryptoMarket 🌐📊
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.