$BONK / USDT: Bullish trading plan, x10-x20 potential
What is BBONK?
BBONK is a Solana-based meme coin that aims to serve as the “community coin of Solana,” according to its whitepaper.
Facts
- BBONK is available on Binance and all major DEXs, such as Binance and Coinbase, for example. It holds the top position among coins on Solana and is managed by an anonymous team.
- Market Capitalization: $1,582.10M
- Circulating Supply: 63,823,117,391,692 BONK
- Maximum Supply: 93,082,000,358,974 BONK
- BBONK boasts over 700,000 holders, with one whale owning 10% of the tokens.
These numbers suggest that BBONK is undervalued compared to FFLOKI,
SHIB, or PEPE. It is listed on all major exchanges, including Coinbase (where 
PEPE is not).
Analysis
Despite its unattractive design and limited popularity as a meme on Twitter, I remain bullish on BBONK for several reasons:
1- BBONK experienced an explosive rise to $0.000095 before undergoing a correction.
2- The price has now touched the 0.5 Fibonacci retracement line and entered the golden channel
3- Fibonacci retracement zone, indicating the end of the correction.
4- Fibonacci extension suggests a surge to the following target prices:
Conclusion
Barring a black swan event (with rug pulling being the main risk in the meme coin space), this coin should perform well throughout this bull market, potentially offering a x10-x20 return on investment.
This is not an investment advice, DYOR. Also zoom in to see the details of the Fibonacci.
Post your profits in the comments!
BBONK is a Solana-based meme coin that aims to serve as the “community coin of Solana,” according to its whitepaper.
Facts
- BBONK is available on Binance and all major DEXs, such as Binance and Coinbase, for example. It holds the top position among coins on Solana and is managed by an anonymous team.
- Market Capitalization: $1,582.10M
- Circulating Supply: 63,823,117,391,692 BONK
- Maximum Supply: 93,082,000,358,974 BONK
- BBONK boasts over 700,000 holders, with one whale owning 10% of the tokens.
These numbers suggest that BBONK is undervalued compared to FFLOKI,
SHIB, or PEPE. It is listed on all major exchanges, including Coinbase (where PEPE is not).Analysis
Despite its unattractive design and limited popularity as a meme on Twitter, I remain bullish on BBONK for several reasons:
1- BBONK experienced an explosive rise to $0.000095 before undergoing a correction.
2- The price has now touched the 0.5 Fibonacci retracement line and entered the golden channel
3- Fibonacci retracement zone, indicating the end of the correction.
4- Fibonacci extension suggests a surge to the following target prices:
- TP1: $0.00002940
- TP2: $0.00003030
- TP3: $0.00003190
Conclusion
Barring a black swan event (with rug pulling being the main risk in the meme coin space), this coin should perform well throughout this bull market, potentially offering a x10-x20 return on investment.
This is not an investment advice, DYOR. Also zoom in to see the details of the Fibonacci.
Post your profits in the comments!
Note
BTC got Bearish monday,so everything else followed. However the plan has not changed, the trade is active.Note
BBONK is still in his descending pattern, not helped by BTC. It is under-performing other meme coins, but it is supported by the 0.5 Fib which is good. The trade is still active. TP 1 will come, be patient.Note
BBONK has failed, so I decided to close this thread (plus the graphic sucks). I will do a better idea with a cleaner graph soon.Note
Trade closed with slight disappointing profit.Note
Dong, and here BBONK wakes up and pump haha. Damned meme coin who are doing only what they want! Trade re-opened.
Note
TP1 TP2 and TP3 reached BBONK performed amazingly. It is a great coin to ride. Like PEPE , it has a lot of liquidity and a huge volume. It is easy to buy 100k and sell market without showing it.Now it can and will retrace violently, so like all the meme coins, this is not a coin to hold long time.
Buy at the bottom, ride it, sell at the top, keep your cash safe.
Losing -50% in a retracement is not in my trading strategy.
This was a perfect trade, follow my for more like this one!
Trade closed: target reached
All Target reached... do not forget to follow me.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.