Bonk - Golden Retest
Looking at our previous post we were identifying the red box as a key level of liquidity for BONK. It was a previous level of old resistance flipped into a new level of support.
We just had a flash crash today across the board for alts so how did this affect BONK? Well actually it might've given bonk the liquidity need to start its next leg!
See we did deviate below our range (red box) but after testing the 0.618 and also the key yellow line around $0.000034 (weekly candle bodies) we have seen massive demand. So far price has moved back up almost 20% from the lows! If we can reclaim the red box around $0.00004 and continue to close weekly candles above that box then this will be the bottom for the next leg.
BONKUST trade ideas
BONK/USDT - H4 - Wedge BreakoutThe BONK/USDT pair on the H4 timeframe presents a Potential Buying Opportunity due to a recent breakout from a Wedge Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming Days.
Possible Long Trade:
Entry: Consider Entering A Long Position Above The Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around Breakout.
Target Levels:
1st Resistance
2nd Resistance
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BONK Buy Setup (2H)From the point where we've placed the red arrow on the chart, it seems that BONK's correction has begun.
This correction appears to be a diametric pattern that is nearing completion.
As long as the price stays within the green zone, it could move toward the targets. The targets are marked on the chart.
A daily candle closing below the invalidation level would invalidate this analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
BONK/USDT Trading IDEA on 4hr ChartBonk/USDT Trading Idea
Position: Long
Entry: 0.00004454
Take Profit (TP): 0.00005371
Stop Loss (SL): 0.00004151
Risk-to-Reward: 3.12
Analysis:
• 4H Chart: Falling wedge breakout, support-resistance flip.
• Multi-Timeframe: Monthly, weekly, and daily charts show bullish momentum.
Disclaimer: This is for educational purposes only, not financial advice. Trade responsibly.
BONK: Bullish continuation coming! If you're looking to trade BONK at the moment, here's a quick setup that you might find helpful!
The idea is: Buy when the price breaks above $0.000049 and take profits at the levels shown in the chart.
Targets:
1. $0.0000505
2. $0.000053
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About our trades:
Our success rate is notably high, with 10 out of 11 posted trade setups achieving at least their first target upon a breakout price breach (The most on TW!). Our TradingView page serves as a testament to this claim, and we invite you to verify it!
2:1 RR tradeIf you want to be very safe and have an EXCELLENT RR with less chance of being filled, take the upper or lower green line with stop at the conservative stop. If you think the upper range will hold, can move to the 'Aggressive stop' position.
Target may not be hit if the price doesn't come down within 5 hours of posting and then begin moving up aggressively. If trade looks to be failing, would be good to get out with smaller profit or maybe in the worst case a partial loss.
BONK - Forming Market StructureBonk looks very interesting here.
Price has retraced to our red box. Our red box represents 3 time massive amounts of selling liquidity pushed the price of Bonk down (red X). After a breakout and retest it looks like the bulls have defended this price level and is currently acting as new support (green checkmark).
BONK: Wait for this level to break! If you're looking to trade BONK at the moment, here's a quick setup that you might find helpful!
The idea is: Buy when the price breaks above $0.000049 and take profits at the levels shown in the chart.
Targets:
1. $0.0000505
2. $0.000053
-------------------------------------------
About our trades:
Our success rate is notably high, with 10 out of 11 posted trade setups achieving at least their first target upon a breakout price breach (The most on TW!). Our TradingView page serves as a testament to this claim, and we invite you to verify it!
#BONK: Riding the Wave of Meme Token PotentialDescription:
This trading idea highlights BONK, a meme-inspired cryptocurrency gaining attention as a community-driven project within the Solana ecosystem. BONK differentiates itself by fostering active community engagement and supporting decentralized applications (dApps) through its ecosystem. As meme tokens often capture market sentiment and speculative interest, BONK has shown potential for rapid adoption due to its low fees, fast transactions on Solana, and viral marketing campaigns that resonate with retail investors.
While meme tokens like BONK can offer significant short-term gains, they are highly volatile and speculative. Market sentiment, external events, and overall crypto trends can significantly impact the token's value. Investors should approach with caution and adopt proper risk management strategies.
Disclaimer:
This trading idea is for educational purposes only and is not financial advice. Cryptocurrencies, especially meme tokens like BONK, carry substantial risk, including the potential for complete loss of capital. Always conduct your own research, consider your financial situation, and consult a financial advisor before making any investment decisions. Past performance is not indicative of future results.
Bullish flag for bonkBonk Coin is showing a **Bullish Flag** pattern, which is a good sign for potential price growth. The **Bullish Flag** happens after a sharp rise in price, followed by a period of calm or sideways movement, like a flag on a pole. This pattern suggests that the coin might be getting ready to go up again after this short pause.
For Bonk, this could mean that after the recent price increase, it's now consolidating (moving sideways), and it might soon break out higher. Traders usually look for the price to move above the top of the flag to confirm the pattern and expect the price to rise again.
However, just because the flag is there doesn’t guarantee the price will go up. It’s important for traders to watch for confirmation, like higher volume or momentum, before making a move.
In short, the **Bullish Flag** pattern for Bonk Coin suggests it could keep going up, but it’s important to be cautious and look for signs that the pattern is playing out.