BONK among top-gainers. How far will the breakout go?In the last 24 hours, memecoins have taken the spotlight, suggesting a potential memecoin season.
Leading the gainers list among the top 100 cryptocurrencies by market cap is Bonk (BONK) which is up by 3.8%, followed by Dogecoin (DOGE) with a 3.2% increase.
Bonk’s price action is currently displaying strong bullish momentum, raising the question of whether BONK/USDT will break out and surge higher as we approach the final quarter of the year. This period is historically bullish for the crypto market.
The pair is trading within a large symmetrical triangle, with the price moving closer to the resistance of this pattern.
The symmetrical triangle, which has been forming since the start of the year, indicates that traders and investors have accumulated significant amounts of Bonk. The potential for a breakout seems imminent.
Earlier, the pair formed a triple bottom at the $0.000016 zone, a pattern that typically signals a reversal.
This triple bottom has been confirmed by a break above the neckline, but a breakout above the upper resistance is crucial for the bullish scenario to play out.
Several indicators support the idea that Bonk could break out and rally. For instance, the MACD has fully flipped bullish, with the histogram bars indicating increased buying momentum.
This further strengthens the bias that it could break above the resistance and pump significantly.
If the breakout occurs, traders could see a potential return of more than 70%, from the breakout zone to BONK’s all-time high.
BONKUSDT_719EBA trade ideas
BONK/USDT to 0.00003395 !!Bonk broke through (0.00002177 : 0.00002324)supply zone and the rectangle pattern.
Now it make retest to this level , If the currency stabilizes above this zone i expect the currency will go up to TP1 : 0.00002713 , Tp2 : 0.00003394
to be sure for this trade we must see price action from the current zone
Good Luck
BONK, 99% probable pump signal with 2 targets, easy 20% gainGood morning, traders!
Today, I have BONK to share with the TV community, which came out of the high-probability pump detection algorithm that I developed. Based on past pumps for the same pattern, both of these targets have a near-certain probability of hitting. Over the past few days, many pumps were detected across many coins.
I especially like the T2 level because it is also a very high-probability impulse-based reversion zone. These targets are very likely to hit just on their own. Combined with the pump, I think we've got a money-maker here.
Additional things going for this signal:
We are on an upward trend and about to break out of the following downward trend line.
We also got a high-volume print indicating the buy orders, a.k.a. pumps.
Who is getting on this pump train? Leave your comments below.
Green pips to you 🤑
What to expect from Bonk (BONK)?BONK coin have surged nearly 10% in the past week. With a market cap exceeding SEED_TVCODER77_ETHBTCDATA:1B , its popularity has kept them resilient amid market downturns.
As part of the Solana blockchain, which ranks third in Total Value Locked (TVL) at $5.3 billion, Bonk coin’s staking volume has reached $43 million. This reflected a growing interest in utilizing BONK within the DeFi ecosystem.
As noted earlier, BONK’s volume has sharply declined from nearly half a billion post-listing to $188 million at press time.
However, bulls have managed to stave off a pullback, bringing BONK coin closer to its previous rejection level at $0.00002201.
Ultimately, beyond the listing, much depends on Bitcoin action, particularly in the long run – sustained optimism in the network could see both tokens surpass their previous rejection levels.
BONK Long Spot Position (Support Area) Market Context: BONK is currently in a support area, providing an opportunity to enter a long spot trade.
Trade Setup:
Entry: Enter a long spot position in the $0.000018 - $0.000019 support area.
Take Profit:
First target: $0.000022 - $0.000023
Second target: $0.000029 - $0.000030
Stop Loss: Just below $0.0000165
⚡ This setup leverages the current support zone for potential upside moves.
#BONK #Crypto
Ability to withstand selling pressureBONK on the daily timeframe has shown a strong support level in the range of 0.000013 and 0.000015. This support zone has proven its ability to withstand selling pressure and can be a good accumulation point for investors. If the price stabilizes in this area, it is expected that the asset will move toward higher targets of 0.00002 and 0.000022.
Lingrid | BONKUSDT Range-Bound Market PRICE ACTIONBINANCE:BONKUSDT is currently consolidating, oscillating between resistance and support levels. Notably, it is fluctuating around the psychological level of 0.000020, which indicates that there is accumulation occurring at this level. Overall, the market has reached the April high, and on the weekly timeframe, it has formed an inside bar pattern. This could signal the potential beginning of a bull run if the price closes above this pattern. I expect the market to continue oscillating within the consolidation zone until we see a clear breakout. Any movement beyond the established resistance or support levels will provide further insights into the market's direction. My target is resistance zone aroud 0.0000222
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Bonk bearPrice sliding* and predicting the future of this ability is my usual tactic. I will also give an example from history that price slippage can do.
Given my other analysis and what the bonk waves are before this price slide, this could be a potential truth.
If this is the truth, the result will be in September and I can't comment on the minus percentage, the bonk coin volume is very extreme and unpredictable
This could be wrong!!
30-Min Power Play: Double EMA Cross Strategy - BONK USDTThis strategy is designed to leverage the power of EMA crossovers on 30-minute candle data, providing a clear and concise method for entering and exiting trades.
The strategy uses three key EMAs:
EMA 93: A short-term EMA, acting as the fast-moving average.
EMA 700: A long-term EMA, serving as the slow-moving average.
Exit EMA 4: A rapid-response EMA for precise trade exits.
Entry Signal: The strategy triggers a buy when the EMA 93 crosses above the EMA 700 on 30-minute candles. This indicates a potential upward trend, providing a strong signal to enter a long position.
Exit Signal: The trade is closed when the Exit EMA 4 crosses below either the EMA 93 or EMA 700, capturing profits or minimizing losses by exiting before a potential reversal.
This strategy is perfect for traders looking to capitalize on medium-term trends with clear entry and exit points, optimized for backtesting on 30-minute candle data. Test it out to see how this setup performs across different market conditions!
Trade Setup: BONK Long PositionMarket Context:
BONK is experiencing a pullback after a strong recovery bounce. We anticipate the price to start filling the daily wick before making another move higher. Entry should be carefully timed to manage risk, with clear invalidation levels.
Trade Setup:
Entry: Ladder into the position between $0.00001714 and $0.00001661.
Take Profit:
First target: $0.00001853
Second target: $0.00001975
Stop Loss:
Conservative approach: Close under $0.00001629.
Aggressive approach: Close under $0.00001538.
📊 Adjust your risk management based on your strategy and monitor the market for potential entry triggers. #BONK #CryptoTrading #RiskManagement 🎯
BONK looks super bearish (1D)From where we placed the red arrow on the chart, it seems that BONK has entered a correction.
Since a major wave has ended, we expect a bearish wave of the same degree to form.
Closing a daily candle above the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Completion of Pullback and Upward MovementThe BONK/USDT chart shows that this currency is trading within a specific range and appears to be on the verge of completing a pullback. This move could be considered a preparatory phase for an upward movement.
Potential Scenarios:
Completion of Pullback and Upward Movement:
After completing the pullback, there is a possibility for the price to move towards the $0.000022 and $0.000025 levels. These levels can be considered as initial targets for an upward movement.
Monitoring Reaction at Key Levels:
Monitoring the price reaction at these levels is crucial. If the price surpasses these levels, the upward trend could strengthen, leading to higher price movements.
BONKUSDT - UniverseMetta - Analysis#BONKUSDT - UniverseMetta - Analysis
On D1, the price may push off from the lower border of the channel and begin an upward trend. From the border you can see rebounds of 30% - 80%, which indicates the presence of buyers.
On H4, for confirmation, you can wait for the formation of a 3-wave structure along the trend and consider buying. You should be careful if an ABC or 3-wave structure in the opposite direction is formed (the presence of a 5th wave down), the price may make a false breakout and update the low again.
Target: 0.00002355 - 0.00003392