📊 Current Market Status: BONK consolidating in a support area at around $0.00001.
📈 Chart Analysis: Tight range between current support and descending resistance line from mid-December.
🔄 Accumulation Strategy: 30% Allocation: Accumulate a long position in the support area. 30% at Breakout: Deploy another 30% at the break of the resistance line. 40% at Retest: Deploy the remaining 40% at a retest of the breakout.
⚖️ Risk Management: Stop Loss: Set at around $0.0000088. Take Profit: Targeted at the next area of resistance, around $0.0000168.
📣 Conclusion: Trading strategy involves strategic accumulation and deployment based on chart patterns. Risk management in place with specified stop loss and take profit levels. Trade wisely! 📈💡 #BONK #TradingStrategy #CryptoMarket 🌐📊