$BONK - Let The Winners Ride

We are still early in the bull market and so far BONKUSDT has been a clear winner. I have been sceptical around meme coins and their utility, but speculation and meme power is simply a use-case and should not be faded in the 20's of this century.

I am spotting a clear divergence on the 2h Awesome Oscillator and this happens while traders dabble in many other low liquidity shitcoins on various chains and BONK has lost some mindshare. Especially watch the Coinbase chart for BONK BONKUSD and it's opening price when it was listed.

Rotations and narratives play out much faster and much more random all around the crypto ecosystem. We have many more participants and meta plays being involved.

BONK is still the premier choice for meme exposure related to the Solana Ecosystem and will certainly have another catch up moment to the bigger ones like DOGEUSDT and SHIBUSDT

Comment:

Forgot to mention:

The red horizontal line on the chart represents the opening price of BONK on Coinbase.

This should act as a bottom of some sort, and if we go below party is mostly likely over.

Trade closed: stop reached:

Momentum is lost for now.

Good idea to accumulate at thes elower prices and check for real catalyst in a couple days/weeks.

Happy trading!