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BONKUST trade ideas

BONK Challenging a Negative Trend Line, Will It Break Out?The Bonk price is trying to break above a negative medium-term trend line that has formed on its charts over the past couple of weeks. Should it break above this line in the coming 48 hours, the meme coin may attempt to flip the resistance level at $0.0000128480 into support in the following few days. This could then give the crypto the room needed to rise towards the $0.0000192765 barrier in the short term. This bullish thesis may be invalidated if the Bonk price is rejected by the negative trend line in the next 48 hours. In this alternative scenario, BONK may retest the $0.0000088550 support in the next week. A break below this level then may put the meme coin at risk of plummeting to the subsequent support level at $0.0000051340. Technical indicators on BONK’s daily chart suggest the meme coin may be on the cusp of a bullish move. The Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) indicators are pointing towards a surge. The MACD line is attempting to cross above the MACD Signal line, which could be a sign that BONK is close to entering a bullish cycle. The RSI is also looking to cross above its Simple Moving Average (SMA) line. An intersection between these two lines could be taken as a sign that buyers have gained a temporary upper hand against sellers.
Long
by StevenWalgenbach
BONK May Be at Risk of a Correction as Technicals Flag BearishThe Bonk price is still trading within the historic buy zone between $0.0000088550 and $0.0000128480. A negative trend line has also emerged on the meme coin’s charts after it printed a series of lower highs over the past couple of weeks. If it manages to break above this trend line in the short to medium term, it may attempt to flip the $0.0000128480 barrier into support. A 4-hour candle close above this threshold could then give BONK the foundation needed to potentially rise to $0.0000192765 in the following few days. In an extremely bullish scenario, the Bonk price could climb to as high as $0.0000290295 if buyers continue to drive the crypto’s value. This bullish thesis may be invalidated if the Bonk price falls below the $0.0000088550 in the upcoming days. This could then put the altcoin at risk of plummeting to the subsequent support level at $0.0000051340 in the proceeding week. Bears Have Gained the Upper Hand Against Bulls Technical indicators on BONK’s 4-hour chart are flagging bearish, which suggests that the meme coin’s price may fall in the next 48 hours. The Relative Strength Index (RSI) line broke below its Simple Moving Average (SMA) line. This generally indicates that sellers have gained an upper hand against buyers. As a result, it will be easier for bears to drag the Bonk price down in the upcoming days than it will be for bulls to boost it during the same period. In addition to this, the Moving Average Convergence Divergence (MACD) indicator suggests that BONK is entering a bearish cycle. This is evident by the negative gradient of the MACD Histogram.
Short
by StevenWalgenbach
⚙️💹 BONK Trading Strategy 🌐📊📊 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 🌐📊
Long
by Richtv_official
BONK Drops 7%, but Is This Drop Just a Liquidity Building Move?BYBIT:BONKUSDT continues to trade within a historic buy zone between $0.0000088550 and $0.0000128480 after it escaped the grasp of a medium-term negative trend line in the last week. This consolidation phase may be an accumulation period before a move to the upside. In this bullish scenario, BONK may escape the sideways channel and rise to $0.0000192765 in the following few days. A daily candle close above this level could then give the meme coin the foundation needed to rise to the subsequent barrier at $0.0000290295. This bullish thesis may be invalidated if the Bonk price falls below $0.000008855 in the coming week. In this alternative scenario, the crypto may fall to the next key support level at $0.0000031115. Investors and traders will want to note that buyers have a slight upper hand against sellers on BONK’s daily chart. The Moving Average Convergence Divergence (MACD) indicator is flagging bullish. In the last 3 days, the MACD line crossed above the MACD Signal line, signaling that the meme coin has entered into a short-term positive cycle. However, the Relative Strength Index (RSI) indicator shows that bulls and bears have equal strength. This is evident with the RSI that is at the same point as its Simple Moving Average (SMA) line.
by StevenWalgenbach
BONK BULLISH after Value Area Low flips to support!When taking a look at bonk we can see that it is showing a sign of strength. It has reclaimed the POC and trend line. Once the VAL is flipped into support, there’s not much stopping this project from reaching the POC 22% higher from these levels. Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade. Every day the charts provide new information. You have to adjust or get REKT. Love it or hate it, hit that thumbs up and share your thoughts below! This is not financial advice. This is for educational purposes only.
Long
by Navitility
Bonk Hi Firstly, congratulations to those who purchased and achieved their Targets. Secondly , I apologize for my poor English. I do not speak English well. I use a translator and I hope you receive the information well. Thirdly , I wanted to share this chart with you. ##################‎ For those who have not entered before, - On the left, there are the current buy and sell zones . Buying power between prices 0.0000093 and 0.000013 , If the price drops to these levels, Your - (SL) - Stop Loss is the close of the day's candle below the price of 0.000009. ################## For those who bought from the beginning of the recommendation, I advise them to make profits from these prices and not to wait. I left with half the amount at 0.0000165. Anyway, - On the right, the yellow line shows the limits of resistance and support at this time. ----"(@ Thank You @)"----
by TARGETS_2024
1
The Next 3 Days Will Be Crucial for BONK as It Rises 2% BYBIT:BONKUSDT was rejected by a negative medium-term trend line in the past 24 hours. Despite this, the meme coin remains in a historic buy zone between $0.000008855 and $0.0000128480, which leaves open the possibility for BONK to surge to the upside soon. Traders and investors will want to keep an eye on the $0.000008855 support level in the next couple of days. Should the Bonk price drop below this crucial mark, it will be at risk of plummeting to the $0.0000031115 support in the short term. On the other hand, a rebound from this level could finally lead to the strong move towards the upside that is being forecasted on BONK’s charts. Before this can happen, however, BONK may undergo a slight correction before the move. Its current setup is similar to the setup leading up to its last bullish move. Using the prior setup as reference shows that the meme coin’s price could drop one more time before potentially pumping. If history repeats, BONK could launch to as high as $0.0000192765 in the following few days. Continued buy pressure could then boost it above this barrier, which will clear a path for it to rise to $0.0000290295. Buyer Strength Dips as Sellers Take Over Traders and investors will want to keep an eye on the Relative Strength Index (RSI) line as it looks to cross below its Simple Moving Average (SMA) line. This may trigger a significant bearish technical flag and signal that sellers have gained the upper hand on BONK’s 4-hour chart. Although this will be a bearish development, it does not rule out the possibility of the bullish move completely, as the same happened in the previous surge. A potential confirmation of the positive move not happening will be when the Moving Average Convergence Divergence (MACD) line crosses below the MACD Signal line.
Long
by StevenWalgenbach
Bearish Downtrend Channel! Breakout ImminentBearish Downtrend Channels are known for reversals once downtren is broken. In addition, BONK has established a short term support around the .000012 area. If the .000012 support breaks .0000099 will be revisited. January 8th or 9th should provide clarity on the direction of move. Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions.
by DJ123
2
Bonk Continues to Slip as It Approaches a Do or Die PointBYBIT:BONKUSDT is approaching the key $0.0000088550 support level and could rebound from this mark before entering into a bullish move if history repeats itself. This is after the meme coin entered a buy zone between $0.0000088550 and $0.0000128480 in the past week. Previously, Bonk entered into a similar setup, which led to a 3-day bullish sequence that took the altcoin’s price from a low of $0.0000093430 to a high of $0.0000179540. As the crypto drops to the $0.0000088550 support, a green candle seems to be emerging on the meme coin’s daily chart. If BONK closes today’s trading session in the green, it may enter another positive sequence in the following 48 hours. In this bullish scenario, the Bonk price may attempt to break above the medium-term negative trend line that is currently restricting its price. If it is rejected by this level, it could then pull back to retest the $0.0000088550 support again. However, a daily candle close above this trend line may open a path for BONK to rise to $0.0000192765. Continued buy pressure could then boost the Bonk price to as high as $0.0000290295 in the following week. This bullish thesis may be invalidated if BONK breaks below the $0.0000088550 support. In this alternative scenario, the meme coin could plummet to the subsequent support level at $0.000031115 in the following few days. Bears Have Taken Their Foot off the Pedal Traders and investors will want to note that technical indicators on BONK’s daily chart suggest that its bearish trend has reached a turning point. The Relative Strength Index (RSI) indicator shows that buyers are attempting to reclaim their strength as the RSI closes in on its Simple Moving Average (SMA) line. In addition to this, the Moving Average Convergence Divergence (MACD) indicator shows that BONK’s negative trend’s intensity has cooled down. This is evident in the leveling off of the MACD Histogram slope.
by StevenWalgenbach
BONK DAILY SHORT ON THE RETRACE, THEN LONG PAST THE ATHTA Technical Analysis Navigating the Waves of Bonk (Meme Coin/Token): A Technical Perspective In the vibrant and volatile landscape of cryptocurrency, Bonk, a notable meme coin/token, exhibits intriguing technical patterns worthy of a trader's keen eye. Presently, Bonk seems to be navigating through a phase of retracement, specifically within the Level 2 bracket. This is a crucial juncture, as it teeters on the precipice of a potential rebound from the pivotal support level at 0.00000494. This support zone is not just a numerical threshold; it represents a psychological battleground for market participants. In alignment with the broader market's synchrony with Bitcoin's movements, Bonk's trajectory is a dance closely choreographed with the crypto kingpin. However, the plot thickens with the presence of dual weekly Fair Value Gaps (FVGs) lying in wait at the lower end of the current impulse wave. These gaps are like hidden eddies in the market's flow, capable of exerting a magnetic pull on the price action. Weighing these technical elements, my hypothesis leans towards a more optimistic scenario. The likelihood of Bonk's price action finding a resilient footing at or near the 0.00000494 support zone appears substantial. Should this occur, it would pave the way for a bullish resurgence, a narrative well-favored by bullish traders and enthusiasts alike. In essence, while the dance with uncertainty continues, the rhythm of the market seems to hum a bullish tune for Bonk, at least in the long term. The current positioning of the price within the 'discount zone' reinforces my analysis that it is traversing a Level 2 zone. Maintaining this structural integrity is key; provided it remains intact, we're likely to witness a robust upward movement, potentially surpassing the previous all-time high (ATH). Fundamentals Point of View Bonk Coin/Token: A Revised Fundamental Analysis Bonk, a meme coin/token predominantly based on the Solana blockchain, has recently garnered significant attention in the cryptocurrency market. Its fundamental characteristics, though whimsical and speculative, have shown a compelling story of growth and market dynamics. The most notable aspect of Bonk's journey is its substantial market performance, particularly towards the end of the previous year. Key developments, such as the introduction of single-sided staking and listings on major exchanges like Coinbase and Binance, have played a crucial role in its price rallies. For instance, the listing on Coinbase led to a remarkable 50% rally in its value, while the Binance listing saw an over 100% surge. Despite these successes, Bonk has not been immune to market volatility. It underwent a significant correction, losing over 70% of its value at one point. However, it has shown resilience and recovery, evidenced by a recent 30% surge in its price. Looking ahead in 2024, the outlook for Bonk is largely bullish. Market predictions suggest potential trading values that could surpass its recent all-time high. This optimism is fueled by the ongoing support from the community, its presence on major exchanges, and the overall market sentiment towards meme coins. From a market dynamics perspective, Bonk's performance is reflective of the broader sentiment in the cryptocurrency market. Its correlation with the movements of major cryptocurrencies, especially Bitcoin, indicates its sensitivity to overall market trends. The listings on prominent exchanges have boosted its visibility, attracting investor interest and potentially influencing its market momentum. It is important to note, however, that like other meme coins, Bonk's trajectory remains highly speculative and subject to market whims. The inherent volatility of such assets poses risks of sharp corrections and potential market manipulation. While community-driven momentum can lead to significant gains, investors and traders should approach with caution and a measured understanding of the asset's speculative nature. In summary, Bonk's fundamentals point towards a cryptocurrency whose fortunes are closely tied to community sentiment, market trends, and its evolving presence in the cryptocurrency ecosystem. Its recent market performance and bullish outlook for 2024 present both opportunities and challenges, requiring a balanced approach to potential investment decisions
Long
by Market-Pip-Factory
BONK Falls 5%, but Will History Repeat to Send It Surging?BYBIT:BONKUSDT entered into a strong bullish move on Jan. 8 after it rebounded off of the $0.0000088550 support level. This led to BONK breaking above the $0.0000128480 resistance level and attempting to overcome the $0.0000192765 barrier as well. However, traders took profit, stopping BONK in its tracks as a result. The BONK price then retraced to the $0.0000128480 mark. Currently, traders are attempting to pull the Bonk price below this significant price point. What’s interesting is that the current setup is similar to the setup that resulted in the aforementioned bullish move for the meme coin. Should history repeat, the altcoin may rise to the closest resistance level at $0.0000192765 in the next couple of days. Continued buy pressure could lead to the crypto breaking above this threshold and potentially rising to as high as $0.0000290295 in the short term. Still a Large Amount of Downside Potential This bullish thesis may be invalidated if the Bonk price closes a 4-hour candle below $0.0000128480 in the next 12 hours. In this more bearish scenario, the meme coin could be at risk of falling to the $0.0000088550 support level through the course of the following week. Traders and investors will want to note that the Relative Strength Index (RSI) on BONK’s 4-hour chart was close to oversold territory. Traders may see this as a launchpad for a strong bullish move. Supporting this bullish outlook is the positive slope of the RSI line, which indicates that bulls are currently growing stronger against bears. Despite this, the RSI line is positioned below its Simple Moving Average (SMA) line, which suggests that sellers still have the upper hand against buyers. As a result, traders may want to wait for the two lines to cross before going long on the meme coin. In addition to this, the Moving Average Convergence Divergence (MACD) line is breaking away below the MACD Signal line. This may be a sign that BONK’s negative trend is not over yet.
Long
by StevenWalgenbach
#BONK The world of decentralized finance (DeFi) has seen a surge#BONK is a relatively new token that has quickly gained attention for its unique features and growth potential. In this article, we will take a closer look at BONK and explore what sets it apart from other DeFi tokens. First and foremost, BONK is a deflationary token, which means that the total supply of BONK tokens decreases over time. This is achieved through a mechanism called "token burning," where a portion of the tokens in circulation are permanently removed from the supply. This scarcity can drive up the value of the remaining tokens, making BONK an attractive investment for those looking for long-term growth potential. In addition to its deflationary nature, BONK also offers staking and yield farming opportunities. Staking allows token holders to lock up their BONK tokens in exchange for rewards, while yield farming involves providing liquidity to a decentralized exchange and earning rewards in the form of additional tokens. These features make BONK an appealing option for investors looking to earn passive income through their crypto holdings. Of course, like any investment, BONK comes with its own set of risks. The DeFi space is known for its volatility and potential for rapid price fluctuations, so investors need to do their own research and understand the risks involved before diving into any new token. "Please remember to DYOR (Do Your Own Research) as this is not financial advice."
by Louissarry
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
by HyBlockCap
🔥 BONK Bearish Triangle: Preparing For DumpWith Bonk's reversal from the 1800 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 380 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
by FieryTrading
1