💰 $BONK Signal Trading plan🎯
◻️ Technical Analysis:
Support and Resistance Levels:
Primary support level: 0.000020Second support level: 0.00002078First resistance level: 0.0000238Second resistance level: 0.0000253Third resistance level: 0.000026, identified as a high liquidity area
Technical Indicators:
MACD: Exhibits a positive crossover, suggesting a potential short-term price increase. The histogram displays minimal selling pressure, indicating a possible continuation of the upward trend.
Stochastic RSI: Currently in the overbought territory, indicating a potential downward correction in the near future.
Liquidation Heatmap:
Support level: Approximately 0.000020, identified as a region of low liquidation activity on the heatmap.
First resistance level: Approximately 0.0000238, identified as a high liquidation point.
Second resistance level: Approximately 0.0000253, identified as a medium liquidation point.
Third resistance level: Between 0.000026, identified as a very high liquidation point.
◻️ Trading Strategy:
Entry Points:
Consider entering at the primary support level: 0.000020Consider entering upon a breakout above 0.0000230 to validate the upward trend.
Exit Points:
Consider exiting at the key resistance level: 0.0000238 - 0.0000253Consider exiting if the price fails to uphold the support level at 0.000020.
Stop Loss:
Consider setting a stop loss at 0.0000199 to mitigate losses in the event of a trend reversal.
Second stop loss at 0.000018 if the price falls below this level, the support becomes invalid.
◻️ Expectations:
Upward Trend: If the price breaks above 0.0000230, it may aim for the resistance levels between 0.0000238 and 0.0000253.Downward Trend: If the price fails to uphold the support level at 0.000020, it may gravitate towards lower levels.
This situation warrants close monitoring to capitalize on potential movements.
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