BBONK experienced a significant pump in November 2024 and has been consolidating since.
It touched my refill zone at 0.00002500 and bounced from there. However, its MACD and RSI were showing signs of a significant bearish divergence.
The correction appears to have bottomed out, with a MACD crossover on the 1D chart. This could indicate the potential for another upward pump.
The green lines on my chart mark the possible resistance/support levels.
DYOR!
Trade attivo
Update about this BBONK trade. BBONK is still consolidating. Inside the buy back green box. However the bottom does not seems to be in yet.
What a rebound to long it, as it seems that more downside is necessary to reset this coin.
The next support is at 0.00002200 and the price seems to be attracted to that direction
Trade chiuso: obiettivo raggiunto
%BONK hit the green box buying area a second time, and it was another good buying opportunity. then it does +15%
Now is it a fake out?
We can see that it broke out from the consolidation pattern, but it can also continue to consolidate to 0.000025-0.000024 before really take off.
Taking profit after this push is not a bad idea.
Nota
Done, BONK is on the way up until May/June. I am closing this idea.
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