When the market is going up and it randomly takes a sharp dip down to liquidate late longs. That’s the kind of dips i like to play with bigger amount and that’s the opportunity you can always avail. It gives you a quick bounce in short period.
I have publicly played it so many times most of you may know it.
Looking at the $BONK /USDT 4H chart, here’s a quick technical outlook based on Smart Money Concepts (SMC) and market structure:
🔍 Key Observations: * Price Zone: BONK is currently trading around 0.00001988, just under a premium supply zone (highlighted in red). This area has already seen some rejection. * Recent BOS (Break of Structure) and CHoCH (Change of Character) show bullish continuation, but... * Weak High Tagged: The recent push to ~0.00002033 touched a weak high, suggesting potential liquidity grab or inducement. * Imbalance Zones: Several fair value gaps (FVGs) or demand blocks are unfilled below: * Around 0.00001782 * Around 0.00001650–0.00001500
⚖️ Equilibrium Zones: * Equilibrium and EQBOS (Equal BOS) zones lie lower, suggesting the price may return to rebalance.
🧠 SMC Interpretation: * Current Setup: The price is in premium (above equilibrium) and close to supply. Unless a strong bullish BOS occurs above 0.00002033 with follow-through, we might see a retracement to: * 0.00001780 (FVG + liquidity zone) * Possibly deeper toward 0.00001600–0.00001500 (institutional discount zone)
✅ Bullish Bias If: * Price breaks and holds above 0.00002033 (weak high) with volume, flipping the premium zone to demand.
⚠️ Bearish Caution If: * Price gets rejected again and closes below 0.00001782, expect a pullback toward equilibrium or deeper FVGs.
If you fear! You gonna Lose everything easily.....
If you are greedy you will waste all your unrealized profits into realized loss..
If you're a good strategy builder, You will progress a lot....
I got diverted 2-3 times by big influencers, I made my setups but due to just a little confusion on them in the panic situation, That setup followed and now I am very angry on those influencers, Unfollowed them.....😅
1. Market Context: • Trend: Strong uptrend; BTC pushing past $90,000 with strong bullish momentum. • RSI: ~79.15 – Overbought territory, suggesting a potential pullback or at least consolidation. • MACD: Still bullish; momentum intact. No confirmed weakness yet.