BONKUSDT
DOGWIFHAT $WIF - Potential for a massive 10x move!Dear Traders,
I was away for a while, this mainly due to holidays, but i have also started to investigate the haul around these trashtokens in the solana ecosystem.
I was shocked and surprised that how much the history repeats itself. Do you guys remember the ERC-20 trash token months back in 2021 ? Yes, the similar happening nowadays.
People are getting rich and more people poor by purchasing and trading these coins. But however there is a road here also which can be followed fairly safe.
DOG WIF HAT! , this is what i am just showing to you guys. I don't want to give to much for the TA this time, morely want you to focus on the market and the power of communities here and there.
Currently WIF are traded in 0,2$. Twitter page have more than 20k followerts in just a few weeks. Crypto.com already announced the listing of it. Others are waiting now, but there is a massive chance that this will be the newest memecoin whihc will gain massive popularity.
It is still very early now to buy in. I am expecting the price will reach 1$ very fast, and then probably its peak will be at 2$. It highly depends on will it be listed on binance and other major exchange or not.
Why would be good for exchanges to list WIF to their platform? VOLUME! Exactly, trade volume, they earn money by hjaving more and more people trading there. and if there is something which gained this much popularity, it is only patience what we need, because almost 100% that it will be listed.
Lastly, the problem here that there is no clear and valuable meaning behind this token, that is true. But please ask yourself, how much cryptocurrency literally have no meaningful existence by the term of technology nowadays, but we still trade it ? :) We trade what is tradeable where there is volume. Imagine dogecoin, shib, bonk, BITCOIN is also useless with its't technology nowadays, the only thing that keep its price up is it's prestige..
Let's talk, discuss what you think about this solana trashcoin haul and especially this cutie, the Dog Wif Hat . :)
Best of luck and don't forget, this is not a financial advise and i will never share any kind of such thing.
Ascending Ambitions: BONK's Breakout Beckons Bullish MomentumBONK's technicals are flashing signs of an impending bullish shift. This intriguing setup presents a potential long entry before the god candle builds, from a classic falling wedge formation to an RSI divergence, each thread weaving a strong narrative for a potential upside reversal. The Setup is only for the lovers of the volatility in memes.
Following reasons and arguments speak for my long trade here and why am entering already. Conservative traders please wait for breakout and retest before entering:
Bullish Pennant Pattern: The price has formed what appears to be a Bullish Pennant pattern, characterized by converging trendlines in which the price consolidates inbetween. This pattern is typically associated with an upward breakout could be imminent.
200 EMA Support: The price is hovering around the 200 EMA (grey line), which has been acting as a dynamic support level. The price action respected in the 1H TF this EMA and got bounced off it recently suggesting an upwards momentum.
Breakout Potential: The setup indicates the expectation of a breakout to the upside, as shown by the arrow emanating from the apex of the wedge. A breakout above the upper trendline of the wedge would confirm this bullish bias.
Volatility: It's essential to recognize that BONK, as a meme token, may exhibit high volatility and atypical market behavior, which can result in both rapid increases in value and sharp declines.
Entering a long position in BINANCE:BONKUSDT based on this setup would be contingent on a confirmed breakout from the falling wedge pattern, supported by volume and a retest of the trendline in the ideal scenario. Traders should execute such trades with a clear risk management strategy due to the inherent volatility of meme tokens. A disciplined approach to profit-taking and stop-losses will be essential to navigate the unpredictable swings of BONK's market movements. As for me i decided to go as usual with 200% TPR for a not greedy but enough trade for this move.
Analysis BONKUSDT Here's an analysis of BONKUSDT, based on your strategy of buying at the current price of 0.00002890 and taking profit at 0.00007000.
Analysis of BONKUSDT:
Technical Analysis:
Current Trend: The trend of BONKUSDT appears to be upwards, with a recent price correction creating a demand zone around 0.00002890.
Support and Resistance: The demand zone at 0.00002890 seems to be a significant support level, while 0.00007000 represents a potential resistance where you plan to take profits.
Technical Indicators: You can use technical indicators such as moving averages, RSI (Relative Strength Index), and Bollinger Bands to confirm the strength of the uptrend and the potential for price movement towards the desired profit level.
Fundamental Analysis:
News and Events: Look for recent news and events regarding BONKUSDT or the associated project. Positive or negative developments can influence short-term price movements.
Adoption and Usage: Evaluate the adoption and usage of BONKUSDT in the real world. Increased usage can lead to higher demand and price appreciation.
Risk Management:
Stop Loss: Set a stop-loss level below your demand zone at 0.00002890 to limit losses in case of adverse price movements.
Position Size: Ensure proper position sizing based on your available capital and risk tolerance.
Continuous Monitoring: Monitor market movements closely and adjust your strategies accordingly to minimize risks.
Conclusion:
Based on your analysis, buying at the current demand zone of 0.00002890 with a profit target at 0.00007000 seems to be a viable strategy. However, make sure to manage your risks properly and stay informed about market developments to make informed decisions.
BONK/SDT bullish journey what next you think? 🚀BONK Analysis💎 Paradisers, focus on #BONKUSDT as it's stirring excitement in the market! Targeting a key demand zone, a bullish breakout seems just around the corner.
💎 Navigating #BONK's journey, we've observed its descent through a descending channel, yet it's gearing up for an upward trajectory from a demand level at $0.00003543. Holding momentum at this vital point could lead to a promising uptick.
💎 Seasoned #BONK enthusiasts understand the twists of the trade. Should the price begin to falter, pivoting to a bullish resurgence from the support at $0.00003170 becomes our next course of action, ensuring we're always ready for the market's next move.
💎 If #BONK slips below this pivotal support, it might be time to reconsider our strategy. Such a shift would prompt a critical reassessment of our bullish stance, necessitating a strategy refresh in tune with market changes.
BONKUSDT(Bonk) Daily tf Range Updated till 03-03-24BONKUSDT(Bonk) Daily timeframe range. tons of opportunity in either side as its in peak of price discovery. for now its stuck within 0.00001832- 0.00002637. as its fairly new and with packed volume breaking 0.00002637 wont be a problem but depends on holders from before its launch.
BONK/USDT Gearing up of Bull Rally? 👀🚀 BONK Analysis💎 Paradisers, let's turn our focus to #BONKUSDT, as it's showing signs of a potential significant move from a crucial demand level.
💎 #Bonk is on an upward trend, indicating a likely bullish breakout from its current demand zone. We're anticipating a retest of the demand level at $0.0000097, with a significant supply zone just on the horizon. If #BONK holds above this point, it may set the stage for a rally toward the major supply zone at $0.0000188.
💎 However, If #BONK struggles to keep above the support level, a strategic reassessment may be in order. In such a scenario, we would look towards initiating a bullish movement from a lower bullish Order Block (OB).
💎 It's imperative to monitor this level closely, as dropping below it could initiate a notable bearish trend.
💎 Stay vigilant and ready to adjust, Paradisers. Your ParadiseTeam is committed to offering the latest insights and strategic guidance, ensuring you are primed to tackle these market movements effectively.
BONK/USDT upward momentum from support? 👀 🚀 BONK 💎 Paradisers, set your sights on #BONKUSDT, which is currently demonstrating bullish potential from its support zone.
💎 #BONK has encountered resistance at $0.00001601, leading to a slight setback. However, the price is now nearing a previous resistance zone that's serving as support at $0.0001320. Maintaining momentum here could significantly increase the chances of a bullish ascent to challenge the key resistance level once more.
💎 In the ever-evolving cryptocurrency market, being flexible and ready to adapt your strategy is crucial. If #BONK finds it challenging to maintain its ground at this crucial support level, it may be time to consider a different approach.
💎 We're poised to seize a potential rebound from the important support level at $0.00001214. Yet, a descent below this critical level could suggest a transition to a more pronounced bearish trend.
BONK: PEPE, I'm coming home to you!Explaining the idea of why I expect BONK to fall further.
Trend : LH's and LL's, peaks getting lower and lower, tapping into the floor of 0.00001
Volume peaks : I've marked the peaks with a red "X" both on the price chart and volume.
Decreasing volume : Every time a peak has been made, volume as fallen, and so has price. See the red arrows on price and volume.
I'm expecting this to be the case now too.
Eventually breaking the floor of 0.00001 and falling to around 0.000005. That's about a 60% drop from current prices.
Baby Bonk at $10M Market CapConsidering that this token is only at $10M market cap and BONK is at SEED_TVCODER77_ETHBTCDATA:1B market cap, we can expect this token to get to the SEED_TVCODER77_ETHBTCDATA:1B market cap region within the next couple months (Perhaps even weeks :o). The Baby Bonk team is on point with their marketing and are very active on social media. Already , 95% of the token's supply is in circulation, with plans to release the token on more centralized exchanges in the (very) near future, alongside the centralized exchanges that already list the token.
Not financial advice. Good luck, and God speed. TO THE MOON!!!
BONK COIN PRICE ANALYSIS AND NEXT POSSIBLE MOVES!!SEED_DONKEYDAN_MARKET_CAP:BONK Coin Update !!
• Technically for short term price look in overbought zone on 4h &1D Chart.
• Future short trade setup possible with tight SL🚫
Current local resistance is 0.00001367 and strong resistance is clearly mentioned on a chart
BONK Some targetBONK is slowly moving and accumulating below main trendline. I set some target for buying, but in order to buy the actual support at 0.000099 must hold. We need to see a break and retest of main trend before pumping. My first target is the resistance area around 0.000023 (more than 100% of profit) and second big target in bull run will be 0.00004 (more than 300%)
Market Update 3/1/2024Too lazy to type again. Just watch the video. Its pretty straight forward.
As before, Id still like to see a drop back to the day TF hulls .
I am hoping this corresponds to MARA starting under 21.5 and then I can grab it when we start a week back above 21.5. And by above, I dont mean 25-30% above like it did last week.
BONK 4H BEARISH TRIANGLE : DUMP UPCOMINGWith Bonk's reversal from the 0.0001800 area, we can construct a clear bearish triangle on the chart. Bearish triangles often break bearish to make new lows, so that's going to be the idea behind the trade.
Wait for the price to close below the triangle's support area. Looking for a move towards the 0.0000900 range.
Might be far-fetched, but this token did a massive 200x in a matter of weeks, so a big correction is to be expected at some point.
🔻 SHORT #1000BONKUSDTSHORT #1000BONKUSDT from $0.011101
The BONK asset did not show buyer activity after a strong dump and did not close the bearish imbalance, so a horizontal support level with many confirmations was formed again. There is an increased daily volume, as well as increased seller activity with price compression near the level. I expect to see a continuation of the trend and a breakdown of the level on the volumes of sellers with excellent potential.