$BONK Analysis Update: New Strategy After Hitting Targets
My previous analysis targets were successfully reached. Here's a concise update and new strategic plan for trading #BONK.
Previous Analysis Recap:
- Targets Reached: All take-profit targets were successfully met.
- Support and Resistance Levels: 0.00002182 (support), 0.00002300 and 0.00002403 (resistance).
New Analysis:
Current Market Conditions:
- Current Price: 0.00002332 USDT.
- Volume: Increased volume indicates strong buying interest.
- Moving Averages: Price is above MA(7), MA(25), and MA(99), indicating a bullish trend.
Key Levels:
- Support Levels: 0.00002332, 0.00002320, 0.00002318 USDT.
- Resistance Levels: 0.00002357, 0.00002356, 0.00002355 USDT.
New Strategy:
Buy:
1. Primary Buy Level: 0.00002318 USDT.
2. Secondary Buy Level: 0.00002300 USDT.
Sell:
1. Primary Sell Level: 0.00002400 USDT.
2. Secondary Sell Level: 0.00002435 USDT.
Trailing Stop Buy: Set a trailing stop buy order with a 3% trigger around 0.00002300 USDT to capture favorable entry points.
Confidence Factors:
- Volume Analysis: Increased volume suggests strong interest.
- Technical Indicators: Price above key moving averages shows bullish momentum.
- Market Sentiment: Positive sentiment with more large buy orders than sell orders.
Conclusion:
Buy at 0.00002318 USDT or set a trailing stop buy around 0.00002300 USDT. Sell at 0.00002400 USDT and 0.00002435 USDT. Adjust your strategy based on market trends.
Disclaimer:
DYOR. This strategy is based on current analysis, use these insights to form your own plan.
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