BONK #50
Just hit the reverse 2.272.
Most coin charts are either flat or bearish here so BONK has been pumping against the overall market.
This ratio is an algo favourite.
Alerts set above the 2.414 as invalidation but it could go a little higher and still be fine.
That said, I am looking for this to be a tidy catch.
There is no significant bearish wick as yet.
I am shorting this on the basis that I have seen plenty of peaks at this ratio.
I entered a short here 👍.
This analysis is shared for educational purposes only and does not constitute financial advice. Please conduct your own research before making any trading decisions.
Just hit the reverse 2.272.
Most coin charts are either flat or bearish here so BONK has been pumping against the overall market.
This ratio is an algo favourite.
Alerts set above the 2.414 as invalidation but it could go a little higher and still be fine.
That said, I am looking for this to be a tidy catch.
There is no significant bearish wick as yet.
I am shorting this on the basis that I have seen plenty of peaks at this ratio.
I entered a short here 👍.
This analysis is shared for educational purposes only and does not constitute financial advice. Please conduct your own research before making any trading decisions.
Order cancelled
Invalidated above 2.414
Your FA guru can't read a chart💭
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
Related publications
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.
Your FA guru can't read a chart💭
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
Related publications
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.