My Participation in BONK/USDT Trading Operations: My Vision and Analysis of the Cryptocurrency Market

Hello trading community! I am happy to share with you today part of my experience and vision regarding trading the BONK cryptocurrency against the US Dollar (USDT). Given the ongoing volatility in the cryptocurrency market, I find that BONK presents interesting opportunities, but it requires a careful approach and continuous monitoring.

By observing the BONK/USDT chart, I noticed that the currency is currently in a phase of fluctuation within a certain price range. This type of movement often provides traders with good opportunities to apply range trading strategies, where one can buy at strong support levels and sell at clear resistance levels. I have documented some of these key points in my analysis, focusing on price behavior when it reaches these critical levels.

I base my decisions on a mix of technical analysis and monitoring the general market sentiment, especially regarding increasingly popular cryptocurrencies like BONK. I look for confirmations from volume indicators and oscillators such as the Relative Strength Index (RSI) and the Stochastic Oscillator to determine whether the current price movement is sustainable or just a temporary correction. For example, oversold signals at support levels, accompanied by an increase in volume.....