Bonfida – The Sleeping Giant. A 1:17 Risk-Reward Setup!

Current Situation:
Bonfida (FIDA) is showing signs of forming a long-term bullish trend after a correction. The price is holding above key support levels, and trading volume is increasing amid a broader crypto market recovery.
Trade Parameters:

• Entry Price: $0.0660
  
• Stop Loss: $0.0550 (~16.6% risk)
  
• First Take-Profit (TP1): $0.25 (~+279%)
  
• Second Take-Profit (TP2): $2.00 (~+2930%)
  

Rationale:
Technical Analysis:

• $0.066 – Accumulation zone after the correction.
  
• $0.055 – Strong support (former resistance, D1 EMA200).
  
• $0.25 – Key resistance level (previous highs after correction).
  
• $2.00 – Long-term target upon breakout above $0.25.
  

Fundamental Drivers:

• Bonfida is a native token in the Solana ecosystem (decentralized domains, trading tools).
  
• Growing interest in Solana could push FIDA to new highs.
  

Risk Management:

• Risk per trade: No more than 1-2% of capital.
  
• Trailing stop: After reaching $0.25, move stop to breakeven or $0.15.
  
• Partial exit: Close 30-50% at TP1, hold the rest for $2.00.
  

Conclusion:

This trade offers high upside potential with controlled risk. $0.066 is an optimal entry, with $0.055 as protection. First target $0.25, followed by a massive rally to $2.00 if Bitcoin halving and a bull market align.

🚀 Dynamic stops and risk control = key to success!