ðĨIn the past few months, memecoins have been doing very well and they have very good profits for their followers. It seems that these few months have been ðmemecoin seasonð; although many people are against this type of token, the fact is that there were good profits in these few months.
ðĶToday I want to analyze one of the popular memecoins these days. The name of this meme is BONK.
ðââïļBONK is moving near the ðĒSupport zoneðĒ and ðĄPotential Reversal Zone(PRZ)ðĄ.
ðAccording to Elliott's theory, BONK seems to be completing wave 4.
ðIn terms of Classic Technical Analysis, BONK has succeeded in breaking the Neckline of the Inverse Head and Shoulders Pattern in the Daily time frame.ð
ðĄLooking at the BONKBTC chart, we can see that BONKBTC has managed to break the neckline of the Double Bottom pattern, and this is a sign of BONK's better situation than Bitcoin.ð
ðI expect BONK to rally at least another ðâ30%ð and attack the ðīResistance zoneðī.
âïļâ ïļNoteâ ïļâïļ: An important point you should always remember is capital management and lack of greed.
Bonk Analyze (BONKUSDT), 4-hour time frame â°.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the â ' like'â button ðð & Share it with your friends; thanks, and Trade safe.
ðĶToday I want to analyze one of the popular memecoins these days. The name of this meme is BONK.
ðââïļBONK is moving near the ðĒSupport zoneðĒ and ðĄPotential Reversal Zone(PRZ)ðĄ.
ðAccording to Elliott's theory, BONK seems to be completing wave 4.
ðIn terms of Classic Technical Analysis, BONK has succeeded in breaking the Neckline of the Inverse Head and Shoulders Pattern in the Daily time frame.ð
ðĄLooking at the BONKBTC chart, we can see that BONKBTC has managed to break the neckline of the Double Bottom pattern, and this is a sign of BONK's better situation than Bitcoin.ð
ðI expect BONK to rally at least another ðâ30%ð and attack the ðīResistance zoneðī.
âïļâ ïļNoteâ ïļâïļ: An important point you should always remember is capital management and lack of greed.
Bonk Analyze (BONKUSDT), 4-hour time frame â°.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the â ' like'â button ðð & Share it with your friends; thanks, and Trade safe.
āļāļēāļĢāļāļ·āđāļāļāļēāļĒāļĒāļąāļāļāļāļāļģāđāļāļīāļāļāļĒāļđāđ:
Manually
āļāļ§āļēāļĄāļāļīāļāđāļŦāđāļ:
NEW position
āļāļīāļāļāļēāļĢāđāļāļĢāļ: āļāļķāļāđāļāđāļēāļŦāļĄāļēāļĒāļāļēāļĢāļāļģāļāļģāđāļĢ
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ðPlease follow us on Telegram for more analysis.ð t.me/ProTrader_365
ðGet a 20% Discount on your trading FEE on Bingx: shorturl.at/cfhE3
BONKUSDT(SPOT)
ðĒPosition: Long
â Entry Point: 0.00003144 USDTÂ (Limit Order)
âïļStop Loss: 0.00002880 USDT
ð°Take Profit:
ðŊ0.00003696 USDT
Risk-To-Reward: 2.09
Please don't forget to follow capital management â ïļ
Please pay attention to the style of opening the position.â ïļ