ðĨ 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.
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.
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