I'm long $1000BONK ($1000BONK USDT.P) right here around $0.00300.
Bears had every chance to send this into the dirt after that sweep below $0.00292, but they got absorbed completely. Now we're stacking higher lows on the 1H, pressing right into the local ceiling.
Once $0.00308 gives way, expect this to rip straight toward $0.00325–$0.00330 and leave late shorters completely stranded.
Stop is tight below $0.00294. Either this prints an easy 8–10% expansion leg, or I take a papercut and move on. Not overthinking this setup.
Bears had every chance to send this into the dirt after that sweep below $0.00292, but they got absorbed completely. Now we're stacking higher lows on the 1H, pressing right into the local ceiling.
Once $0.00308 gives way, expect this to rip straight toward $0.00325–$0.00330 and leave late shorters completely stranded.
Stop is tight below $0.00294. Either this prints an easy 8–10% expansion leg, or I take a papercut and move on. Not overthinking this setup.
