1000BONKUSDT.PS trade ideas
1000 BONK - UPTREND!!!About Bonk
What Is Bonk (BONK)?
According to the one-pager, BONK is the first dog-themed coin on Solana "for the people, by the people" with 50% of the total supply of the cryptocurrency airdropped to the Solana community. BONK is similar to Shiba Inu (SHIB) and Dogecoin (DOGE) memecoins, it was launched on December 25, 2022, and led to an increase in the price of the SOL token (a rise of 34% in 48 hours). Trading began on December 30, 2022, arousing genuine interest from the crypto community.
The main goal of the team is to bring back liquidity to Solana-based decentralized exchanges (DEXs). The idea of the developers was to create a full-fledged community coin that will be used across all the dApps built on Solana, and each user will have the opportunity to become part of the ecosystem, "where everyone gets a fair shot".
BONK was airdropped randomly to Solana NFT collectors, developers, and artists, other airdrop details remain unknown. Currently, the project has a small digital footprint on the Internet, except for an active twitter account.
BONK MEME COIN LONG IDEA - Solana Memecoin TrendBONK is a popular Solana meme coin and is gaining attention amid the ongoing meme coin trend, so it’s worth keeping an eye on.
Technical Analysis: BONK recently broke out of a bearish trendline, retested it, and appears to be consolidating here. I believe we could see strong upward momentum soon. The price has also recently broken a larger bearish trendline, created a weekly demand zone, run daily liquidity, and reached a daily demand level, followed by a strong breakout.
I'm already in this trade and would consider adding more if the price retests and reacts at the trendline.
Please note the tight stop-loss on this trade and adjust your risk accordingly.
SL: 0.020847
TP1: 0.0305
TP2: 0.0339
TP3: 0.0357
After reaching TP1, I'll move my stop-loss to breakeven, and I suggest you consider doing the same.
BONKUSDT Triangle Pattern!BONKUSDT technical analysis update
CRYPTOCAP:BONK price is breaking out of a triangle pattern on the daily charts. The price has been trading within this triangle pattern for the past year. If the breakout is confirmed, we can expect a strong bullish move. Over the last few days, there has been an increase in volume, which is also considered a bullish sign for BINANCE:BONKUSDT
1000Bonkusdt accumulation opportunity1000BONK/USDT is consolidating within a bullish pennant, indicating potential continuation of the upward trend. Accumulation is recommended within the current price range, with a targeted breakout signaling a possible rally to the final setup target. The conservative stop-loss level is set just below $0.015662 to manage downside risk in case of invalidation.
BONKUSDT: Bullish Momentum After Breakout!BONKUSDT has successfully broken through key resistance and trendlines, setting the stage for higher highs. With the MEME frenzy in full swing, we could see a significant price movement ahead! Remember to keep your stop loss in place to manage risk. This is a potential opportunity you won’t want to miss!
BONKUSDT Currently trading at $0.0256
Buy level: Above $0.0235
Stop loss: Below $0.02
TP1: $0.027
TP2: $0.033
TP3: $0.04
TP4: $0.045
Max Leverage 3x
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BONK TRADE SETUPHello Folks !!
We can see BONK in a lower trend for the last two days. Currently, it is trading at .0283 and still in a downtrend. We can see immediate support between .274 to .0279.
We will wait till the price touches this point and put p [roper SL. IN case the channel breaks upward, we can see short term movement of around 20% and 40-50% in the long run with targets between .032 to .038
Until then, stay tuned and trade with caution, ensuring strict STOPLOSSES!!
This is not financial advice, please do your own research before investing, as we are not responsible for any of your losses or profits.
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I Will Buy 1000Bonk if it follows my strategyWell, on the lower timeframe, there are Order blocks and fair Value Gaps that I expect the price to fill before continuing the uptrend. We have our POI at the resistance zone, which I expect price movement to takeout. I also take note of the RSI and search out for divergence when making this analysis.
LONG #1000BONKUSDTLONG #1000BONKUSDT
The asset maintains an upward structure. At the moment, the asset has been adjusted to a block order from which an active reaction is visible.
I expect an upward exit in order to update the local maximum and break the downward structure on a more severe time frame, as well as collecting liquidity pools at the levels of 0.029715 - order block, 0.031217 - imbalance.
At these levels, I set the first take profits