$BONK
Position: Buy | Enter Here: 0.000004 | Risk Level: 0.000003 | Take Profit: 0.000004
BONK just swept some lows and is trying to get back in the game.
The higher timeframe is firmly bullish, with price in the discount zone of its dealing range and a recent break of structure just 14 candles ago. The lower timeframe shows a clear bearish change of character and break of structure, but this move culminated in a sharp sweep of sell-side liquidity down to 3.464e-06 nine candles ago, which has since reversed. Price is now retesting the zone of that sweep, offering a long entry with the higher timeframe trend. The stop can be placed just below the swept low, targeting the open buy-side liquidity at the recent higher timeframe swing high, which aligns with the top of the range.
Let's see if the bulls can reclaim the narrative from here.
#SmartMoney #CryptoTrading #BONK
Position: Buy | Enter Here: 0.000004 | Risk Level: 0.000003 | Take Profit: 0.000004
BONK just swept some lows and is trying to get back in the game.
The higher timeframe is firmly bullish, with price in the discount zone of its dealing range and a recent break of structure just 14 candles ago. The lower timeframe shows a clear bearish change of character and break of structure, but this move culminated in a sharp sweep of sell-side liquidity down to 3.464e-06 nine candles ago, which has since reversed. Price is now retesting the zone of that sweep, offering a long entry with the higher timeframe trend. The stop can be placed just below the swept low, targeting the open buy-side liquidity at the recent higher timeframe swing high, which aligns with the top of the range.
Let's see if the bulls can reclaim the narrative from here.
#SmartMoney #CryptoTrading #BONK