Question to more experienced trades here. I been holding some Bonk for a while and last 24hours it's on a real down fall, so some hours ago I swapped all my Bonk to USDC to save me from more loss and if I am lucky I can buy back Bonk later and even coming out with more Bonk from this situation. Was this a smart or stupid move? I am not sure but I just followed my intuition (The swap fee was under 1%).
Hmm, TBH OP I have no idea about the recent price trend of the bonk token you've mentioned. Still, according to the FA and a small overview of the last few week's rally, I can say in the short term your position on the trade was right, you should wait for a significant drop to take a re-entry I haven't analyzed the support and resistance levels yet.
In a quick overview, I can say the move was decent and would be the same if I were in your place. Shitcoins/memecoins are not the way to trade I use to play in the controlled risk environment with some top projects and hot projects.