Bonk
BONK buy zone for long setupI do not like $BONK. The meme is horrible, the community on Telegram is full of bots and chatter, and there are many shillers on Twitter. It is a CRYPTOCAP:SOL coin, and they will do with it the same as they did with SEED_DONKEYDAN_MARKET_CAP:ORDI or CRYPTOCAP:WIF : pump it to the max and then throw it away.
However, until that happens, it is a hugely manipulated coin that can make you money.
CRYPTOCAP:BONK is a good profit machine but it can also wreck you. My entry would be at 0.00002000-0.000021000.
CRYPTOCAP:BONK can dump so hard that it can go below 0.00002000 in a matter of hours.
Buying low is the only way you can guarantee some profit because it can go lower easily and wreck you even more.
My green box guarantees about 15% on the way up with no leverage. Today in 6 hours, it went from 0.000027 to 0.000022, so it is entirely possible if CRYPTOCAP:BTC gets a small 5% pullback from here that my target will be met. So I put an order there and I will see.
Always DYOR. Meme coins are highly speculative and can go to zero for no reason other than getting outdated or being killed by a better competitor.
CRYPTOCAP:BONK is useless; their staking has no APR listed on the website, so it is all BS. But big money is using it, so surf the wave and sell as soon as you can to take your profit.
CAN THIS HAPPEN?!Playing around with some #ElliotWave Ideas... Lets see how it plays out!
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Bonk Price Update: Technical Indicators and Key LevelsBINANCE:BONKUSDT has shown a mixed performance, with closing prices gradually decreasing from $0.00003103 to $0.00002888. The 9 EMA and 20 EMA have both been trending downward as well, indicating a bearish sentiment. The 9 EMA, currently at $0.00002983, is also below the 20 EMA, which stands at $0.00002999, reinforcing the bearish outlook. However, this downward trend appears to be losing momentum, suggesting potential stabilization or reversal.
For traders looking to identify critical levels, BONK has key resistance points at $0.00003047, $0.00003161, and $0.00003248. Should the Bonk price break through these levels, it could signal a bullish trend reversal. On the downside, support levels are found at $0.00002740, $0.00002691, and $0.00002604. A break below these levels could lead to further declines, making them crucial for setting stop-loss orders.
The MACD indicator shows a bearish trend, with the MACD line consistently below the signal line and the histogram in negative territory. This suggests a weakening momentum, with recent values indicating a potential shift in trend. The RSI, currently around 44.77, has moved from overbought to neutral territory, implying that selling pressure has eased and the market could be preparing for a consolidation phase.
Given the current market conditions, traders should be cautious with entry and exit points. For long positions, a potential entry point could be above the resistance level of $0.00003047, aiming for a breakout towards $0.00003161 or higher. Setting a stop-loss slightly below the support level of $0.00002740 can help manage risk. Conversely, for short positions, entering below $0.00002740 with targets near $0.00002691 and $0.00002604 could be viable. A stop-loss just above $0.00003047 would be prudent to protect against sudden bullish reversals.
BONK’s technical indicators suggest a cautious approach due to prevailing bearish signals tempered by potential stabilization. Traders should monitor key support and resistance levels closely while keeping an eye on the MACD and RSI for early signs of trend changes.
Meme Coins: What’s Behind the Curtains ?Have you ever wondered how meme coins keep pumping? Are people really getting rich from them?
How the Pumps are Made ?
Step 1: Establishing Credibility
First, the creators spend significant investment capital to demonstrate good credibility. This ensures that the strongest platforms list them. During the Initial Public Offering (IPO), coins are sold massively to investors. However, as their is no more buyers, prices begin to decline.
Step 2: Accumulation Phase
Next, the coin enters an accumulation phase where big whales start buying from bored speculators at the lowest prices. The whales objective during this phase is to accumulate the maximum quantities for the lowest price possible. The long accumulation time will breakdown the enthusiasm of the speculators , selling their coins for a loss or no profits.
Step 3: Controlling Supply and Demand
When accumulation reaches its peak, the whales start withdrawing their coins from the platform, leaving the market with small quantities. They then inject a significant amount of capital, such as $1 million, causing the price to take off.
Step 4: Advertising
Following this, the coin creators and whales invest heavily in advertising , attracting a big community and more investors. This new crowd keeps injecting liquidity into the pumps, leading to noticeable price increases.
Getting Rich Quick?
Can you get rich quick from meme coins? The reality is nuanced. Even if speculators buy at the bottom, their investments are often too low, leading them to sell at modest gains during the pumps. On the other hand, people who buy after a 1000% increase are typically looking for substantial returns. However, their small capital makes even a 5x return seem insufficient.
The meme coin trend is aggressive and driven by a powerful crowd. While investing in these coins can bring profits, it’s essential to remember that you are always at the mercy of the whales. If they decide to sell off, the market can crash just as quickly as it pumped. Therefore, caution and awareness of the market dynamics are crucial when dealing with meme coins.
#BONKUSDT Ready for the Next Massive Move? Positive SignsYello, Paradisers! Did you notice #BONKUSDT’s breakout from the descending channel? Let's break it down to understand what can happen next:
💎#BONK has been navigating a descending channel in a 1D timeframe and recently broke out to the upside. After the breakout, the price surged by almost 80%. The first profit-taking wave occurred a few days ago, and now the price is pulling back to retest the resistance-turned-support at the upper layer of the channel. This marks the second wave of profit-taking.
💎#Bonk has a support Level at $0.000018. This level has held multiple times before, and we expect it to do so again. If this support holds, we could see another upward movement.
💎However, If the $0.000018 support fails, we anticipate a bigger pullback to the next support level at $0.000015. The chances of a price increase from here become much bigger.
💎The overall macro sentiment and Bitcoin’s price movement will significantly influence this prediction for SEED_DONKEYDAN_MARKET_CAP:BONK , so make sure to keep an eye on the market. Still, if the $0.000015 support also fails to hold, the likelihood of a bearish continuation increases significantly.
Paradisers, if you want to be consistently profitable, you need to be extremely patient and always wait only for the best and high probability trading opportunities.
MyCryptoParadise
iFeel the success🌴
$BONK new setup. What do we know?
SEED_DONKEYDAN_MARKET_CAP:BONK is related to $SOL. If CRYPTOCAP:SOL dumps, SEED_DONKEYDAN_MARKET_CAP:BONK dumps as well; if CRYPTOCAP:SOL pumps, SEED_DONKEYDAN_MARKET_CAP:BONK
pumps. SEED_DONKEYDAN_MARKET_CAP:BONK has entered the resistance zone and stopped its freefall.
The FOMC meeting on Wednesday has a high probability of announcing positive news about interest rates. Since the BCE, Bank of Canada, and other central banks have lowered their interest rates, the FED is likely to do the same in the short term.
The RSI on 1H is low, indicating that SEED_DONKEYDAN_MARKET_CAP:BONK is underbought.
The CMF shows strength above 0. This means that more money and buyers are coming in.
SEED_DONKEYDAN_MARKET_CAP:BONK is one of the top meme coin with listing in all biggest CED like Binance and Coinbase..
The S&P 500 had a pullback, which could have negatively affected the price of $BTC.
The dollar is going higher, which can also negatively affect the price of $BTC.
Conclusion
Taking all this information into account, we are in a precarious situation, but if
CRYPTOCAP:BTC does not crash further, I think we are close to the bottom for $BONK. A possible dump to $0.00002500 is still possible but with low probability. Considering that this coin can do a +40% in 4 hours, I am buying long.
Here is my personal trading plan. I take the risk; DYOR and be sure to double-check before following. If you find something wrong, please leave a comment.
Buy: between $0.00002500 and $0.00002800
Take Profit (TP) at Fibonacci levels:
TP 1: $0.00002927
TP 2: $0.00003254
TP 3: $0.00003483
TP 4: $0.00003997
TP 5 to the moon: $0.00004456
Final reminder: this is my personal trading plan. External events can invalidate it, such as CRYPTOCAP:BTC dumping, CRYPTOCAP:SOL dumping, or any bad news, a war, a black swan event, etc. Do not blame me if you lose money following my plan; we are in the same boat, and I will lose too!
Enjoy riding this crazy coin. Big risks mean big rewards.
Do not use leverage with meme coins.
BONK planning to BREAK BARRIERS...This chart visual should say it all. NO EXPLANATION NEEDED.
The current price point will soon be archived -- history soon.
Expect some significant PRICE SHIFT to the upside.
KEY NOTES:
MASSIVE MASSIVE ACCUMULATION ON WEEKLY.
HIGHER LOWS CREATION ON HISTOGRAM (WEEKLY DATA).
*Again these are ideas, the coin is very volatile still. play it with safety -- even if signs are showing hints.
TAYOR.
Safeguard capital always.
BONK LOOKS VERY BULLISH AFTER I SAW THIS!Played around with the #FRVP tool and loving it.
The red lines are the POC for the previous months.
You can clearly see where the highest amount of volume has been traded over the past 5 months.
We are now above it! This is very bullish for #BONK as long as we stay above it! #Memecoin
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.
Alikze »» DOGE |Descending channel movement scenario🔍 Technical analysis: Descending channel movement scenario
- According to the analysis presented in the 4H time frame in the previous post, it faced selling pressure after hitting the supply zone and failing to break it.
- The projected downward path is in accordance with the movement path after the break of the green box area, and touched the 0.12590 area and the second green box area.
- But currently, according to the correction structure, if the green box area is broken, the correction will continue.
- Therefore, as long as it is below the Fibo area of 1.618, the first target close to it can be the range of 0.097 and then the specified Fibo 100 range of 009214.
Considering that it is moving in a descending channel, the Fibo 100 zone can collide with the bottom of the descending channel.
💎 Alternative scenario: In addition, if it can stabilize the neckline or Fibo range of 1.618 towards the break and above it, it can be the first target of the ceiling of the descending channel and the range of 0.1464.
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Bonk price has been in consolidation for 5 months. Medium tradeStill, capital has been not investing in fundamental technology coins.
That's why we are looking at memecoins 😱
Perhaps #BONK is a memecoin worth watching. Despite the fact that the market cap is $1.8 billion, # OKX:BONKUSDT price is adjusting/consolidating quite harmoniously.
The chart shows a medium-term trade option for CRYPTO:BONKUSD
And then, risk management is up to you)
BONK buy zone to refill your bag.I do not like $BONK. The meme is horrible, the community on Telegram is full of bots and chatter, and there are many shillers on Twitter. It is a whale coin, and they will do with it the same as they did with SEED_DONKEYDAN_MARKET_CAP:ORDI or CRYPTOCAP_OLD:WIF : pump it to the max and then throw it away.
However, until that happens, it is a hugely manipulated coin that can make you money. We are not here for philosophy but to make a profit.
CRYPTOCAP:BONK is a good profit machine but it can also wreck you. My entry would be at 0.00002000-0.000021000; higher than that, I am not interested. CRYPTOCAP:BONK can dump so hard that it can go below 0.00002000 in a matter of hours.
Buying low is the only way you can guarantee some profit because it can go lower easily and wreck you even more.
My green box guarantees about 15% on the way up with no leverage. Today in 6 hours, it went from 0.000027 to 0.000022, so it is entirely possible if CRYPTOCAP:BTC gets a small 5% pullback from here that my target will be met. So I put an order there and I will see.
Always DYOR. Meme coins are highly speculative and can go to zero for no reason other than getting outdated or being killed by a better competitor. CRYPTOCAP:BONK is useless; their staking has no APR listed on the website, so it is all BS. But big money is using it, so surf the wave and sell as soon as you can to take your profit.
Alikze »» 1000PEPE | Pull Back to the broken structure🔍 Technical analysis: Pull Back to the broken structure
- In the frame time frame, a five -wave cycle has completed the upward movement.
- It is currently moving in a mid -time uptrend.
- After several reactions to the major roof, it eventually faces pressure in the middle of the channel and is now on the uptreen floor.
- This short return can continue the correction after the money to the broken structure, by failing the channel to the origin of the Movement and the Buyer Zone.
💎 Alternative scenario: can test the fiber range of 2.618 and the middle of the channel if it can break the supply area.
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BINANCE:1000PEPEUSDT.P
Bonk Done Bonkin'Traders,
As mentioned in my recent videos and posts, meme-coins (of all categories of coin) are looking positive here, especially those on the Solana blockchain. We’ve talked about Wif. We’ve talked about Boden (up 31% today). We’ve referenced TRUMP. All of these are on the Solana blockchain. All are doing well.
Another one I have referenced, stating it is in a good position for future boom is BONK. Up over 40% from its low, it continues to 🚀🚀🚀! Where will it go? My guess is the top of our green channel or that .00045 level. That’s an 82% increase from here. And look at that beautiful double-bottom pattern we have formed. How many times have we’ve been successful trading that pattern (rhetorical question)? It’s our best setup by far so far. So, if you are wanting to enter this trade, we could get another small pullback tomorrow through Thursday but that’s not a risk I’d be willing to take as the thing could just continue to the moon. My preference would be entry here, setting stops somewhere just below that channel, and then holding on tight.
Bonk Price Soars: Is Now the Perfect Time to Buy?BINANCE:BONKUSDT has demonstrated a notable upward trajectory in recent trading sessions. Recent closing prices have steadily increased from $0.00002396 to $0.00002643, showcasing a bullish trend. This upward momentum is supported by the 9 and 20 Exponential Moving Averages (EMA), which also indicate a positive trend. The 9 EMA has consistently stayed above the 20 EMA, further affirming the bullish sentiment in the market.
9 EMA values have climbed from $0.00002276 to $0.00002453, reflecting the increasing short-term momentum. Concurrently, the 20 EMA has risen from $0.00002248 to $0.00002352, indicating a strengthening longer-term trend. The Moving Average Convergence Divergence (MACD) indicator supports this bullish outlook, with the MACD line staying above the signal line. Histogram values have also increased, suggesting accelerating bullish momentum.
The Relative Strength Index (RSI) has moved into the overbought territory, climbing from 59.06 to 69.39. This high RSI level indicates that the asset might be overbought and could be due for a short-term pullback. However, the strong bullish indicators suggest that any pullback might be temporary.
In terms of potential movements, the Bonk price faces resistance at $0.00002664, $0.00002678, and a major resistance at $0.00002778. If the price can break through these levels, it may continue its upward trend. Conversely, support levels are observed at $0.00002604, $0.00002531, and $0.00002514. A break below these support levels could signal a shift to a bearish trend.
For traders considering entry and exit points, a potential long trade could be initiated if the price breaks above the $0.00002664 resistance, with a target towards $0.00002778. Stop-loss orders could be placed below the $0.00002604 support level to mitigate risk. For short traders, entering a position if the price falls below $0.00002604 with a target towards $0.00002514 could be considered. Stop-loss above the $0.00002664 resistance to manage potential losses can then be set.
NOTCOIN Up 85% In Four Days. Targets & Trade Strategy.Traders,
So, two days after recommending, NOT coin had one last liquidation event before popping up and out of this bullish descending wedge nicely. It then proceeded to rally 85% from its wick low to its current price as of this post and a full 35% from where I recommended entry!
As I’ve stated previously, altcoins are few and far between right now for long entries. But there are a few you’ve heard me mention which have good setups. NOT coin was one of these and is why I entered initially.
If you are still looking to re-enter this coin, 15 cents appears to be a great level. You will see that volume has created a nice level of support at that price.
For those of you still in the trade, I have drawn four levels above my entry, the first level we’ve already hit at 15 cents. Target two comes at around 19 cents. Target three at 21. The final target is 25 cents plus.
Best of luck to you all!
Stay tuned and I’ll do some more analysis on some of my other recommendations, like BONK, up 15% today so far.
Stew
Alikze »» TURBO | 4H descending channel🔍 Technical analysis: Moving in the descending channel
- The daily frame time is moving in an upstream channel.
- But in the 4H frame time, there is a corrective form that is moving within a downtrend.
- This correction can first touch the range of 0.003052 if it is below the supply area and can extend this correction to the middle of the channel if continued.
💎 Alternative scenario: Also, if it can break the 0.0061 area, it could form an upward flag pattern that can continue the uptrend and continue its growth channel as much as the channel supply.
If the behavior and structure of the post will be updated, it will be updated.
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