$BONK /USDT setup looks technically solid, especially if you're trading based on chart patterns and breakout retests.
Breakdown of Your Plan:
Pattern: Double bottom
Breakout: Resistance at 0.00002607 broken and retested (confirmation)
Entry: Around 0.00001535 or current market price (CMP) near 0.00001631
TP-1: 0.00002607
TP-2: 0.00003989
SL: 0.00000886 (structure invalid if candle closes below this)
Trade Management Notes:
Reward-to-risk (TP-1 vs SL) = ~1.5x
Reward-to-risk (TP-2 vs SL) = ~4.5x
Ensure position size matches your risk tolerance if volatility increases.
Would you like help calculating position size or setting up a stop-limit order strategy for this?
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