🔥 HONK: New Memecoin On The Block - You're still early!Memecoins like PEPE, Bonk, Floki etc. have been performing extremely well over the last few months. Their usecase is debatable, but does that really matter when a token rises 1,000%?
Where most memecoins have already seen a massive upwards move, HONK has seemingly just started after it rose over 150% over the last two days.
With a marketcap of around 5 million, this token can see some very decent upside if more investors start looking at it. Seeing that Bonk has a 3B marketcap, I don't see why Honk couldn't get to 1B at least.
A 20x is far-fetched, but we all know that everything is possible in bullish conditions. Seeing this signals' risk-reward is over 35, a small investment (with an even smaller loss) can result in a potentially massive gain.
Honk
Potential reversal in sight - x100 Potential MEME CoinAs a price action trader im still waiting for confirmation and/or liquidity sweep however overall
chart looks great with a tons of confluence for a POTENTIAL reversal 😉
We are still bullish on a daily. Yesterday printed a doji candle in high confluence area - daily and 4-hours order block responsible for the last breakout .
We are playing around 200 SMA on 4H and strong volume support area and we are definitely in discount area considering the last leg up.
I would like to see a change of character on 30 min - 1 H and /or a liquidity sweep before calling a trade entry cause we are still in a downtrend until proved otherwise.
ON fundamental side of things - the team is very active and doing everything to bring this coin to BONK market cap.
Keep an eye on this x100 gem is all i am saying 🤑🥸