BONK - Two scenarios

$BINANCE:1000BONKUSDT (1D CHART) Technical Analysis Update

BONK is currently trading at $0.02388 and the price is currently at the support zone and currently uncertain on in which direction will the price move. We have two trade possibility here, if the price bounce backs from the support then we can enter a long trade, if the support breaks then we can enter a short trade.

--- LONG Trade ---
Entry level: $ 0.025727
Stop Loss Level: $ 0.021041

TakeProfit 1: $ 0.029562
TakeProfit 2: $ 0.034171
TakeProfit 3: $ 0.043035

--- SHORT Trade ---
Entry level: $ 0.020010
Stop Loss Level: $ 0.024466

TakeProfit 1: $ 0.017673
TakeProfit 2: $ 0.015517
TakeProfit 3: $ 0.012212

Max Leverage: 5x
Position Size: 0.5% of capital

Don't forget to keep stop loss.

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Cheers
GreenCrypto

Komentar:

Price is getting close to our short trade entry zone. Stay tuned for more updates