Crypto expert makes 12000 profit in beast trade on this token
While the cryptocurrency market is known for its volatility, it also presents a lucrative opportunity for investors who can strategically time their trades. A professional crypto trader recently showcased this by making a profit of over 12,000% on a meme coin.
CoinsKid, a pseudonymous crypto market expert, shared that he had successfully capitalized on the Bonk (BONK) meme coin, which surged over 12,000% from his initial entry point in 2023. He mentioned in a recent post that he had previously highlighted Bonk twice in 2023 and was now eyeing another entry point, potentially at the green line if a breakdown of the rising wedge chart pattern occurs.
During CoinsKid’s successful trade, Bonk was trading at $0.0000280174, marking a remarkable 12,674.82% increase since his entry. However, the price later fell by 1.81% to $0.00002751.
Looking at the 7-day chart, Bonk’s price has dropped by 1.56% in a day and 20.23% over the week, indicating a possible new entry opportunity according to the analyst. With the coin currently above the 100 exponential moving average (EMA), it could target $0.00004 next.
However, a drop below this crucial indicator could signal further declines, emphasizing the importance of conducting thorough research and risk assessment before investing significant amounts in any asset, whether it be crypto, stocks, real estate, commodities, or others.
Disclaimer: The information provided is not investment advice and investment in speculative markets carries risks.
