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BONKUSD trade ideas

BONK Best Level to BUY/HOLD 300% gains🔸Hello guys, today let's review 12hour price chart for BONK. Outlook remains bullish currently pullback in progress, however buying low still is a perfect trade setup. 🔸BONK is one of the top rated solana meme coins. currently undergoing correction and still not complete, however risk/reward is shifting in bulls favor already. 🔸Recommended strategy bulls: Price action contained within bullish channel. get ready to buy low near 2500, TP is 7500 +300% gain. BUY/HOLD setup for patient traders. keep in mind that BONK already got a heavy valuation, so do not expect miracle overnight gains. 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
CRYPTO:BONKUSDLong
by ProjectSyndicate
10
Long Wick Candle forming on Higher Timeframe Please observe BONK on the weekly Chart, please observe the long wick candle forming around the supply zone and the golden zone on the Fibonacci level. Also, observe the CM_Williams_Vix_Fix Finds Market Bottoms indicator flashing green saying the bottom is in or close. If the week close out with these conditions, there is a possibility of price reversal. In addition, it appears if it closes out with these current conditions we may be seeing a retest of the descending triangle.
COINBASE:BONKUSD
by paper_Trader1775
BONKUSD 12/6/2024BONKUSD Daily Chart Analysis • Background : BONKUSD was introduced on Coinbase in December 2023. From its launch through November 2024, the price consolidated within a symmetrical triangle pattern . • Breakout: On November 10th, 2024, the price broke out of the triangle with massive volume, soaring as high as +140% from the breakout point. • Current Setup : Following the breakout, the price has pulled back and formed a bull flag pattern. However, confirmation of the breakout from the bull flag has not yet occurred. • Momentum: The MACD remains in bullish territory but is currently below its signal line. The histogram is contracting, signaling a potential crossover of the MACD above its signal. Such momentum could drive the price to break out of the bull flag, providing confirmation. Trade Rationale: Despite the lack of breakout confirmation, entering long prematurely is justified by the strong bullish context and potential for momentum to shift. The stop-loss is placed with extra room to account for any pullbacks within the flag before a breakout occurs. Trade Setup (Long): • Entry: 0.00004314 • Stop Loss: 0.00003305 (-23.39%) • Target #1: 0.00008468 (+96.29%, 4.12 RR ratio) • Target #2 : 0.00012728 (+194.29%, 8.24 RR ratio) This setup aligns with the post-breakout consolidation and the potential for the MACD to trigger a new bullish move.
COINBASE:BONKUSDLong
by rudcharts
5