1000BONKUSDT.PS trade ideas
BONK - Two scenarios$BINANCE:1000BONKUSDT (1D CHART) Technical Analysis Update
BONK is currently trading at $0.02388 and the price is currently at the support zone and currently uncertain on in which direction will the price move. We have two trade possibility here, if the price bounce backs from the support then we can enter a long trade, if the support breaks then we can enter a short trade.
--- LONG Trade ---
Entry level: $ 0.025727
Stop Loss Level: $ 0.021041
TakeProfit 1: $ 0.029562
TakeProfit 2: $ 0.034171
TakeProfit 3: $ 0.043035
--- SHORT Trade ---
Entry level: $ 0.020010
Stop Loss Level: $ 0.024466
TakeProfit 1: $ 0.017673
TakeProfit 2: $ 0.015517
TakeProfit 3: $ 0.012212
Max Leverage: 5x
Position Size: 0.5% of capital
Don't forget to keep stop loss.
Follow Our TradingView Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts.
Cheers
GreenCrypto
Memecoins are great for Catching Knives: Honest ReportWe've seen memecoins holding top positions in exchange top lists of symbols traded by volume as well as being all the rage in the news for quite some time. I decided to launch my AlgoTrading System into the uncharted territory of memecoins, and the results surprised me.
Based on a month's worth of trading data, memecoins have shown excellent mean-reversion characteristics compared to other altcoins that my system has traded before (such as OP, INJ, ARB, and many others).
During market downturns, memecoins tend to exhibit stronger price rebounds from significant horizontal levels compared to other coins. In such instances, price action demonstrates notable upside momentum, indicating high demand.
This characteristic makes memecoins a favorable asset for high-probability long-only scalping strategies and setups.
Why long only? This is the second topic I wanted to touch on. Let's look at BONK: it's market maker is GotBit - a russian company which is one of top world leading market makers. In the recent year their CEO Alex Andryunin started to appear on many podcasts and interviews (in russian language).
In an interview, he literally said that they made a significant profit by liquidating SHORT traders. Although I am not an expert in the relationship between market maker firms and exchanges, I believe MM firms receive some kind of reward or incentive for each liquidation. So, when retail traders were not confident that the price would increase (or after the market maker "drew" this message in the chart), more and more people were opening short trades. Once a critical mass of open interest was on the books, GotBit was able (possibly, not trying to accuse anyone!) to push the price up. Retail traders were then trapped, and given the sharp price movements in memecoins, they were slow to take the loss by exiting, so many people were liquidated.
More and more people look at the chart and think, "These short traders are getting REKT! Now it's time to short. The market maker got his prey, so the price will reverse!" And a new group of traders hop on that wagon...to HELL :)
This is just my theory. It could be that memecoins are so interesting for long scalping setups because market makers are more interested in short sellers.
I don't like when people only talk and provide no proofs. This is trading after all, so where are the trades, right? Here you go!
I think it proves the point, so keep an eye for long bounces on MEME coins!
Thank you for your time reading this article! I hope you found some insight in this information.
And what do you think? Let me know in the comments!
Will the rise restart? ---- BONKBONK was born in Solana. In the initial stage, it was used to airdrop to NFT holders in the ecosystem. Different from the current situation where meme is the speculation token, BONK holders have more crypto spirit. For BONK, the main pump is relying on the launch of the Solana phone. In order to encourage mobile phone sales, Solana airdropped Bonk to mobile phone users. The increase in topicality led to the increase in Bonk, which then led to an increase in mobile phone sales, and finally increased topicality. This is a classic meme marketing method.
There is another reason why we are talking about BONK today. But remember, this is just our surmise! ! ! It's no secret that DWF Labs is getting into the meme world. Neither Milady nor Floki has achieved 100% circulation, but they already have a good community. So among memes that have a good community and don't have full circulation, we find BONK. And in the following on DWF's X, we also found BONK. So, you get that. But this is all just our analysis and surmise, DYOR.
Returning to the technical level, the trend of BONK on Binance is to rise for a short time and correct for a long time. But the highs and lows are rising. We can see that on the TSB indicator, BONK is under a BUY signal. But the column has fallen back to the low rail of the wavy area. As we mentioned in the introduction to the indicator, under bullish signals, wavy areas provide support. So BONK may rebound at this position.
Introduction to indicators:
Trend Sentinel Barrier (TSB) is a trend indicator, using AI algorithm to calculate the cumulative trading volume of bulls and bears, identify trend direction and opportunities, and calculate short-term average cost in combination with changes of turnover ratio in multi-period trends, so as to grasp the profit from the trend more effectively without being cheated.
KDMM (KD Momentum Matrix) is not only a momentum indicator, but also a short-term indicator. It divides the movement of the candle into long and short term trends, as well as bullish and bearish momentum. It identifies the points where the bullish and bearish momentum increases and weakens, and effectively capture profits.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
BONK/USDT LOOKS READY FOR A 100% PUMP!!Hey everyone! If you find this analysis valuable, please consider giving it a thumbs up and following for more content.
BONK is forming a potential inverse head and shoulders pattern. A confirmed breakout above the neckline could signal a significant price increase.
Here's what to watch for:
Breakout Confirmation: A candle close above the neckline strengthens the bullish case.
Volume: Higher trading volume on the breakout can increase confidence in the signal.
Possible Entry & Targets :
Entry: $0.025-$0.028
Potential Targets: $0.034, $0.042, $0.048, $0.060
Stop-Loss: $0.022 (Consider risk management strategies and set a stop-loss that suits your risk tolerance.)
Let's discuss it!
What are your thoughts on BONK's current price action? Share your analysis in the comments below!
1000bonkusdtOn BonkUSDT, a head and shoulder pattern is clearly visible.
There are two ways to play this breakout: first, look for the volume for a long.
The second trade is a fake breakout, and these are typically more successful than true breakouts.
If you enjoy the content, please like and comment.
Zac
#1000BONK/USDT SHORT ENTRY#1000BONK/USDT SHORT ENTRY
Leverage: 3x
Entries: $0.023758
Take profit 1: $0.022642
Take profit 2: $0.020113
Take profit 3: $0.015185
Stop Loss: $0.026807
NOTE: This is just my prediction. Be sure to use STOPLOSS and remember that I am not a financial adviser. your money, your risk!
Thanks
The sroced. BINANCE:1000BONKUSDT.P
01.05 - INTRADAY TRADE - POSSIBILITY OF LONG 1000BONK USDTOne of the possibilities to enter long is this. OBVIOUSLY, I'M NOT A VIEWER AND IT MAY BE THAT THE MARKET WILL REACT OTHERWISE.
But if it reacts this way we can face a few more dollars in an trade with very positive risk and reward.
LOGIC BEHIND THE TRADE
THE MARKET MADE A FALSE CHANGE OF CHARACTER, leaving a strong order block region,i recommend to enter in this trade just if you see a CHoCH in the orderblock area.
REPEATING, this idea is for educational purposes only, I don't know how the market will react.
BONK SETUPDisclaimer: Before proceeding, please note that the following information is based on technical analysis and should not be construed as investment advice. Always conduct your own research and, if necessary, seek advice from a financial professional.
I've been watching this asset for a few weeks and all the manipulation has been done, by my indicators, there has just been a strong bounce on the 1-hour chart and on the longer 8-hour and 1-day charts we're bullish, one step before becoming stronger bullish, backed up by the 1-week yellow ball that is the transition to the bullish zone, in addition to the histogram showing that the bulls have gained strength at this level and the copilot oscillator being oversold.
Once again, these are solely my analyses and should not be taken as guarantees of success. The financial market is volatile, and there are always risks involved. Always be prepared and conduct your own analyses before making any investment decisions.
LONG #1000BONKUSDTLONG #1000BONKUSDT from $0.028485
2h TF. The instrument has formed a cascade of several resistance levels, behind each of which I expect to see the stops of the shorts of the participants who opened positions from them. Active compression and a local increase in volumes indicates the interest and strength of buyers.
I expect to see the formation of consolidation and an increase in activity in the glass with a tape of transactions before the breakdown of each of the levels.
#1000BONK breaking the Bullish Flag Pattern upwards in 1-Hour TF#1000BONK breaking the Bullish Flag Pattern upwards in 1-Hour TF!
I will wait for a successful retest to Long $BONK. #BONKUSDT bounced from PML $0.019275 support level and currently testing PDH $0.0215. The next local resistance level is PWH #0.02225.