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🚀 $BONK is following a 5-wave Elliott Wave pattern on the 30-minute chart, suggesting that a Wave 5 breakout could be in play. 📊 Step 1: Understanding the Elliott Wave Structure Elliott Wave Theory consists of five impulse waves, and BONK appears to be following this pattern: 1️⃣ Wave 1: Initial bullish surge, setting up the trend. 2️⃣ Wave 2: Corrective pullback, establishing the first retracement. 3️⃣ Wave 3: The strongest wave, showing a significant uptrend. 4️⃣ Wave 4: A smaller pullback, often before the final breakout. 5️⃣ Wave 5: The final bullish push, where traders watch for trend exhaustion or continuation. 📍 Currently, BONK is starting Wave 5, which could lead to new highs! 🔍 Step 2: Key Levels & Fibonacci Extensions 🪙 Wave 5 Targets: 1334 (1.0 Fib Extension) → First upside target. 1463 (1.618 Fib Extension) → If momentum is strong, this could be the extended Wave 5 peak. 📉 Support Levels: Holding this zone(1200) is crucial for keeping the Elliott Wave structure valid. Break below this level could invalidate Wave 5, leading to further correction. 🎯 Step 3: Bullish vs Bearish Scenarios ✅ Bullish Case (Wave 5 Confirmation): A strong breakout above 1254 confirms the bullish setup. If volume increases, Wave 5 could reach 1334 - 1463. Traders looking to ride the wave can enter on a confirmed breakout with stop-loss below 1200. ❌ Bearish Case (Invalidation of Wave 5): If price fails to break 1254 and drops below 1200, it could signal the end of the impulse wave. A break below this level could send price into a corrective ABC wave pattern, leading to lower support zones. 📌 Step 4: Trading Strategy & Risk Management 🔹 Entry Point: Buy on a breakout above 1254 with strong volume confirmation. 🔹 Stop-Loss: Below 1200 to manage downside risk. 🔹 Profit Targets: 1275 , 1300 , 1340 , 1400 #BONK is at a critical moment—if it holds structure, we could see a Wave 5 breakout soon. However, failure to maintain support could shift momentum to a correction phase. #ETFWatch
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PEPE & Doge 🤑👀😂 #ETFWatch #VoteToDelistOnBinance
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The more PI collapses, the easier it is to list on Binance Listing requires pumping, if the listing continues to collapse, everyone will blame Binance #pi
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Yes it's good for Defi #DEFİ
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TOTAL2 (altcoin market cap) bounced from the support area, and we may see a continuation of the upward movement if BTC stabilizes in a range. Keep accumulating alts on dips, and we may see a good rally soon. Resistance Area: $1.20-$1.25 Trillion #Altcoins👀🚀
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