$1000BONK is bearish in big timeframes like H1,H4 and daily TF and you know I trade with structure+volume, Now in H1 timeframe have completed CAB+CISD setup which is showing Bonk will dump below the liquidity. I have explained it in detail below.
Structure Analysis:
Few days ago there was a momentum shift (MS) on the daily timeframe, so we should look for buy setups in H1 and H4 timeframe, if we execute buy setups so it will be against the trend, and Trend Is Your Friend already you know.
Same H4 and H1 timeframe are bearish and I am expecting dump because here's 2-3 signs of selling that I explain below.
Volume Signs:
You know Daily and H4 Timeframe are bearish and i am looking for short trade in H1 Timeframe, 30-40 minutes ago CAB+CISD setup completed, now you can wait for retest to take a short trade, Here is 2 entries for short one is at when where CAB+CISD setup completed and the second one is at the retest.
1. CAB Sign: Climactic action bar is a volume that show us what whales and big player want to do dump or pump now if you see in H1 Timeframe so there was come buying climax, but I didn't trade with one sign, we required one more sign which is CISD
2. CISD: Change in state of delivery we seeing after CAB and buying climax come,
3. TBR: Two bar reversal
🚦SIGNAL for Future Traders:
👛 Coin: 1000BONK/USDT
🚦Signal: SHORT
🚀 Entry Zones:
First Entry- $0.019140
Second Entry- $0.019317
🎯 TPs:
1st TP- $0.018600
2nd TP- $0.018467
🛑 SL: $0.019677
✅Setup Probability: Medium
⚠️ Note: Always Trade With Risk Management (1-5% Per Trade).
Book 60-70% Profit on 1st TP and remaining 30-40% position hold for 2nd TP.
I hope you liked my analysis, if you have any questions so you ask in the comments🌹
Thank you family🌹
#Bonk #1000BONK/USDT #SameerAbbas