Hey $BONK fans, I wanted to share my thoughts on $BONK's future, based on recent chart patterns and trends. This is just my personal opinion, and please keep in mind that Iām not an expertāalways do your own research before making any investment decisions!
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$BONK Price Action (1-Hour Chart) š
Looking at the 1-hour chart, itās clear that $BONK is currently in a downtrend. If we follow the trend line, thereās a chance it could drop further to around 0.000038xx or even deeper, depending on market sentiment. If you're looking to buy in, consider waiting for that dip to 0.000042xx-0.000044xx, which seems to be a strong support level.
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$BONK on the 4-Hour Chart š
When switching to the 4-hour chart, things get a bit more intense. The price could dip deeply if the bearish momentum continues. But if the market turns around, we could potentially form a bullish pattern, allowing $BONK to reach higher price levels before any further correction. The key resistance levels to watch are around 0.00006-0.000068.
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My $BONK Strategy š
Buy Zone: Between 0.000042xx - 0.000044xx
Stop-Loss Zone: If it drops to 0.000035xx, it might be time to cut your losses.
Profit Target: Watch for potential gains around 0.00006 - 0.000068, but stay cautious of any sudden downturns.
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Important Reminder ā ļø
Remember, these are just predictions, and the market can be very unpredictable. Always manage your risk, never invest more than you can afford to lose, and be aware of the consequences of your choices. Trust only real experts when making big decisions.
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What do you think? Will $BONK reach those highs by the end of 2024? Share your thoughts and predictions!
#XRPMarketShift #GDPSteadyPCE2.1Down #XRPMarketShift #BitwiseFiles10ETFs #Write2Earn!