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BONKUST trade ideas

BONK - Held Key LevelCRYPTOCAP_OLD:BONK looks primed for another move to the upside. After predicting the bear market low within a few % we are back with another BONK prediction. We had a horizontal level (white horizontal ray) around $0.00002 that has been established as an important liquidity level. After retesting it, price held up beautiful and has started to move to the upside. Also, our daily RSI is showing strength. We have a green trendline of support dating back to December of 2023 that we just held as support and also a white trendline around the 45 level that we just had our 3rd low put in at.
by VIAQUANT
BONK: Retest and Potential PUMP !BONK is a Solana-based meme coin that has been gaining popularity in recent weeks. The price of BONK has been on a tear, rising from $0.00000001 to $0.0000023 in a matter of days. After reaching a high of $0.0000023, BONK experienced a pullback and retested the 4-hour upper resistance trend line. This retest could be a sign that BONK is ready for another leg up. The AMD setup: The Wyckoff Accumulation, Manipulation, and Distribution (AMD) setup is a popular technical analysis model that describes the three phases of a market cycle: Accumulation: During this phase, large buyers accumulate tokens at low prices, often creating a bullish chart pattern. Manipulation: In this phase, the price is manipulated to create the illusion of a strong uptrend, attracting retail buyers. Distribution: In this phase, the large buyers sell their tokens at high prices, causing the price to dump. The current BONK chart: The current BONK chart shows that the price has been following the AMD setup. Accumulation: The price accumulated in a horizontal range for several weeks. Manipulation: The price broke out of the range and rallied sharply. Distribution: The price pulled back and retested the upper resistance trend line. Why this is a good time to buy: Retest: The retest of the upper resistance trend line provides a good entry opportunity. Volume: The volume is increasing, which is a sign of strength. Social media hype: There is a lot of hype surrounding BONK on social media, which could provide additional fuel for the rally. Conclusion: BONK has been following the AMD setup and is currently retesting the upper resistance trend line. This could be a good time to buy in anticipation of another leg up. However, investors should always do their own research and exercise caution before investing in any cryptocurrency.
Long
by Yaroslav_Krasko
🔥 BONK: Huge Cup & Handle For Massive Profits!In this analysis I want to take a closer look at BONK's cup and handle pattern and the potential massive trade we can make based on it. I'm aware that the handle is not perfect because of the wick, but I still deem the pattern valid enough for a trade. The 2000 area seems to be holding on two separate occasions now, which makes me believe we can use it as a decently strong area of support. Target at 10.000 based on the idea that the pattern will break out and make new highs in the future. Combined, we can create a huge signal with a RR of over 25.
Long
by FieryTrading
9
BONKUSDT BONK$ After smaller correction going Tp 0,0000039xxAs we can see BONK hit 0.5 fib retrace level before btc decided to go and chill with the bears, looks like the bulls jumped in and BONK$ is easy heading towards 0.618 fib level will be around 0,0000039xx$ level! Also, I love that kind of shape below a bull pattern, before or after retest, then you know things will get serious ;)! Happy trading, and dont listen to me im not a financial expert or anything close
Long
by Robbanbro420
3
BONK May Explode as Technicals Shift to BullishThe Bonk price has shown an appreciable upward trajectory over the past 48 hours, escalating from $0.00002703 to $0.00003294. The analysis of the Exponential Moving Averages (EMA) reveals a bullish sentiment, with the 9 EMA climbing from $0.00002918 to $0.00003089 and the 20 EMA from $0.00003001 to $0.00003067. The consistent positioning of the 9 EMA above the 20 EMA suggests that short-term momentum is surpassing the longer-term trend, reinforcing a bullish outlook. On the other hand, the Moving Average Convergence Divergence (MACD) offers a more nuanced perspective. Although the MACD line has seen an incremental rise, the latest figures reveal it slightly trailing the signal line, with the MACD at 0.000049 and the signal line at 0.000056. Nevertheless, the diminishing negative histogram values hint at a decrease in bearish momentum, potentially setting the stage for a bullish crossover. The Relative Strength Index (RSI) adds another layer to the analysis, with its latest reading at 54.08, situated above the neutral 50 mark but well below the overbought threshold of 70. This suggests a balanced buying pressure, which hasn't yet tipped into overbought. Key levels to monitor include the resistance at $0.00004147 and support at $0.00002717, $0.00002173, and $0.00002137. The immediate future may test the resilience of the first support level; its sustenance could serve as a foundation for further price ascension. Conversely, breaching this support might lead to a descent towards more profound support levels. For traders, potential long entry points could be around the aforementioned support levels, particularly if indicators such as a bullish MACD crossover or a rebound from support materialize. Conversely, failing to uphold these supports may render short positions more favorable, targeting lower supports for exits.
by StevenWalgenbach
Unpredictable Yet ProfitableMeme coins are inherently unpredictable due to their memetic nature and reliance on market sentiment. However, this uncertainty hasn't stopped them from being profitable for some investors. In this article, we'll analyze the current state of the meme coin market, focusing on Bonk, and briefly introduce a few other meme coins you could consider holding. Bonk, a meme coin built on Solana, is currently leading the meme coin market. It gained sudden popularity in late 2022, experiencing a significant price increase within a few weeks. Reasons for Bonk's Popularity: Community Support: Bonk enjoys strong support from its community. Utility: Bonk can be used as a transaction fee on Solana decentralized exchanges (DEXs). Token Burning: Bonk regularly burns its tokens, reducing its supply. Despite Bonk's popularity, it's crucial to remember that meme coins are generally high-risk investments. Tips for Investing in Meme Coins: Only invest a small portion of your capital in meme coins. Do your research before investing. Never let FOMO (Fear of Missing Out) influence your decisions. Other Meme Coins to Consider Holding: Meme coins can be profitable, but they should be approached with caution due to their high risk. Always conduct your own research and only risk a small portion of your capital before investing. Disclaimer: This article is for informational purposes only and should not be considered investment advice.
Long
by sansoorchi
1
Ascending Ambitions: BONK's Breakout Beckons Bullish MomentumBONK's technicals are flashing signs of an impending bullish shift. This intriguing setup presents a potential long entry before the god candle builds, from a classic falling wedge formation to an RSI divergence, each thread weaving a strong narrative for a potential upside reversal. The Setup is only for the lovers of the volatility in memes. Following reasons and arguments speak for my long trade here and why am entering already. Conservative traders please wait for breakout and retest before entering: Bullish Pennant Pattern: The price has formed what appears to be a Bullish Pennant pattern, characterized by converging trendlines in which the price consolidates inbetween. This pattern is typically associated with an upward breakout could be imminent. 200 EMA Support: The price is hovering around the 200 EMA (grey line), which has been acting as a dynamic support level. The price action respected in the 1H TF this EMA and got bounced off it recently suggesting an upwards momentum. Breakout Potential: The setup indicates the expectation of a breakout to the upside, as shown by the arrow emanating from the apex of the wedge. A breakout above the upper trendline of the wedge would confirm this bullish bias. Volatility: It's essential to recognize that BONK, as a meme token, may exhibit high volatility and atypical market behavior, which can result in both rapid increases in value and sharp declines. Entering a long position in BINANCE:BONKUSDT based on this setup would be contingent on a confirmed breakout from the falling wedge pattern, supported by volume and a retest of the trendline in the ideal scenario. Traders should execute such trades with a clear risk management strategy due to the inherent volatility of meme tokens. A disciplined approach to profit-taking and stop-losses will be essential to navigate the unpredictable swings of BONK's market movements. As for me i decided to go as usual with 200% TPR for a not greedy but enough trade for this move.
Long
by Lucas_CryptoLab
Analysis BONKUSDT Here's an analysis of BONKUSDT, based on your strategy of buying at the current price of 0.00002890 and taking profit at 0.00007000. Analysis of BONKUSDT: Technical Analysis: Current Trend: The trend of BONKUSDT appears to be upwards, with a recent price correction creating a demand zone around 0.00002890. Support and Resistance: The demand zone at 0.00002890 seems to be a significant support level, while 0.00007000 represents a potential resistance where you plan to take profits. Technical Indicators: You can use technical indicators such as moving averages, RSI (Relative Strength Index), and Bollinger Bands to confirm the strength of the uptrend and the potential for price movement towards the desired profit level. Fundamental Analysis: News and Events: Look for recent news and events regarding BONKUSDT or the associated project. Positive or negative developments can influence short-term price movements. Adoption and Usage: Evaluate the adoption and usage of BONKUSDT in the real world. Increased usage can lead to higher demand and price appreciation. Risk Management: Stop Loss: Set a stop-loss level below your demand zone at 0.00002890 to limit losses in case of adverse price movements. Position Size: Ensure proper position sizing based on your available capital and risk tolerance. Continuous Monitoring: Monitor market movements closely and adjust your strategies accordingly to minimize risks. Conclusion: Based on your analysis, buying at the current demand zone of 0.00002890 with a profit target at 0.00007000 seems to be a viable strategy. However, make sure to manage your risks properly and stay informed about market developments to make informed decisions.
Long
by CRYPTO_SETUP
5