$BONK is back at a key decision point... and this is where patient traders usually get the best entries.
...Buyers defended the range support aggressively, and now price is attempting to reclaim the midpoint resistance. If this level turns into support, the next move could target the top of the range.
Trade Setup — LONG
Entry: 0.00000289 – 0.00000291
TP1: 0.00000302
TP2: 0.00000312
TP3: 0.00000320
SL: 0.00000276 (A drop back below the range support would confirm that buyers failed to hold the recovery, increasing the probability of another move toward the range lows.)
My bias: LONG, but only while price stays above 0.00000289. If it gets rejected and loses that level, I'd avoid longs and look for a short instead.
$BLESS $KOMA
...Buyers defended the range support aggressively, and now price is attempting to reclaim the midpoint resistance. If this level turns into support, the next move could target the top of the range.
Trade Setup — LONG
Entry: 0.00000289 – 0.00000291
TP1: 0.00000302
TP2: 0.00000312
TP3: 0.00000320
SL: 0.00000276 (A drop back below the range support would confirm that buyers failed to hold the recovery, increasing the probability of another move toward the range lows.)
My bias: LONG, but only while price stays above 0.00000289. If it gets rejected and loses that level, I'd avoid longs and look for a short instead.
$BLESS $KOMA