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$BONK Analysis and Trade Signal
BONK has been consolidating between 0.000016 and 0.000018, indicating a potential breakout 🚀
Recent low of 0.0000176 and recent high of 0.0000188 suggest a tightening range 🔒
4-hour chart shows a bullish divergence, indicating potential upside 📈
Trading Insights:
Entry: 0.000016 - 0.000018 📊
Stop Loss (SL): 0.000015 (5% below entry range) 🛑️
Target 1: 0.000020 (11% above entry range) 🎯
Target 2: 0.000022 (22% above entry range) 🚀
$Risk-Reward:
Risk: 5% (SL to entry range) ⚠️
Reward: 11% (Target 1) to 22% (Target 2) 📈
Risk-Reward Ratio: 2.2:1 (Target 1) to 4.4:1 (Target 2) 📊
$Strategy:
*Buy BONK within the entry range (0.000016 - 0.000018) 🛍️
*Set stop loss at 0.000015 to limit potential losses 🛑️
*Take profits at Target 1 (0.000020) and Target 2 (0.000022) 🎉
*Monitor the 4-hour chart for price movements and adjust the trade plan as needed 🔍
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