BONK/USDT Analysis and Strategies
In my previous post (Profit-taking strategies), I shared my analysis for 3 coins, one of which was #BONK. All three take-profit targets for $BONK have been successfully reached. Congratulations to those who followed the strategy! For those who want to know more about BONK consider the following methods and analysis.
Current Situation
- Price: 0.00003849 USDT
- 24h Change: +5.86%
- Recent High: 0.00004016 USDT
- Recent Low: 0.00003604 USDT
- Volume: High trading volume indicating strong interest.
Analysis
1. Technical Indicators:
- Moving Averages (MA): The 25-period and 99-period MAs indicate an upward trend.
- Volume: A significant increase in volume suggests strong buying pressure.
2. Resistance Levels:
- Immediate Resistance: 0.00004016 USDT
- Next Resistance: 0.00004200 USDT
3. Support Levels:
- Immediate Support: 0.00003604 USDT
- Next Support: 0.00003337 USDT
Buying Strategy
- Wait for Pullback: Given the recent increase, wait for a slight pullback to around 0.00003700-0.00003750 USDT.
3 Take-Profit (TP) Strategy
1. TP1 (50% of Holdings):
- Set Limit Sell Order: 0.00004050 USDT
2. TP2 (25% of Holdings):
- Set Trailing Stop Order:
- Trigger Price: 0.00004100 USDT
3. TP3 (25% of Holdings):
- Set Trailing Stop Order:
- Trigger Price: 0.00004250 USDT
Summary
- Current Price: 0.00003849 USDT
- Buying Strategy: Wait for a pullback to around 0.00003700-0.00003750 USDT. Consider DCA for averaging purchase price.
- Take-Profit (TP) Strategy:
1. TP1 (50%): Set limit sell order at 0.00004050 USDT.
2. TP2 (25%): Set trailing stop order with a trigger price at 0.00004100 USDT and a 5% trailing delta.
3. TP3 (25%): Set trailing stop order with a trigger price at 0.00004250 USDT and a 7% trailing delta.
NOTE: You can set a direct sell order if you don't want to follow the trailing stop.
Disclaimer: DYOR, if you are in a different situation.
