BONK Long DCA 4.7:1 RR

5 thg 5

Divergence on all exchange volume played out as expected causing a retracement here.

Looking for a long entry down towards the upward trend line of the large ascending triangle pushing up to the 2940 level.

Setting buys for DCA at 2600. 2500. 2400, 2300 looking for an average entry around the pocket between 0.5 and 0.68 Fib level of the last run up.

Target 1: 0.00003700
Target 0.00004667
RR: 4.7:1

SL 2070, or more aggressive under the support at 2250

6 thg 5

Giao dịch đang hoạt động

4 out of 6 limit buys filled. Long trade active.

15 thg 5

Giao dịch đang hoạt động

All buy limit orders filled - Average DCA entry 0.00002400.

15 thg 5

Ghi chú

Looking good for holding this position. We broke the downward trend line and retested it. Strong bullish divergence on volume. Inverse head and shoulders pattern forming. Looking now for a break above 0.00002550 with target of the head and shoulders pattern of 0.00002950 (20% profit).

19 thg 5

Ghi chú

15% profit hit. Taking a small bit of profit, trailing stops to Break even @ 0.00002400.

23 thg 5

Ghi chú

42% profit hit, taking a little more profit here. Raising stops to 0.00002900. More run up expected!