BONK MEME COIN LONG IDEA - Solana Memecoin Trend
BONK is a popular Solana meme coin and is gaining attention amid the ongoing meme coin trend, so it’s worth keeping an eye on.
Technical Analysis: BONK recently broke out of a bearish trendline, retested it, and appears to be consolidating here. I believe we could see strong upward momentum soon. The price has also recently broken a larger bearish trendline, created a weekly demand zone, run daily liquidity, and reached a daily demand level, followed by a strong breakout.
I'm already in this trade and would consider adding more if the price retests and reacts at the trendline.
Please note the tight stop-loss on this trade and adjust your risk accordingly.
SL: 0.020847
TP1: 0.0305
TP2: 0.0339
TP3: 0.0357
After reaching TP1, I'll move my stop-loss to breakeven, and I suggest you consider doing the same.
Technical Analysis: BONK recently broke out of a bearish trendline, retested it, and appears to be consolidating here. I believe we could see strong upward momentum soon. The price has also recently broken a larger bearish trendline, created a weekly demand zone, run daily liquidity, and reached a daily demand level, followed by a strong breakout.
I'm already in this trade and would consider adding more if the price retests and reacts at the trendline.
Please note the tight stop-loss on this trade and adjust your risk accordingly.
SL: 0.020847
TP1: 0.0305
TP2: 0.0339
TP3: 0.0357
After reaching TP1, I'll move my stop-loss to breakeven, and I suggest you consider doing the same.
Trade fechado: objetivo atingido
All targets hit! Money printed. 
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.