$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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