Is BONKUSDT About to Soar? Here's Why You Should Pay Attention!
Updated
Yello, Paradisers! Are you ready for what could be a major move on #BONKUSDT? If you've been tracking this pair, you'll notice it just broke out of a descending resistance trendline and successfully retested it. But that's not all—there's been a significant shift in the market structure that could pave the way for a bullish rally.
💎#BONKUSDT has been making lower lows and lower highs on the 4H timeframe. However, in a recent turn of events, the market structure broke, forming a higher high, confirmed by the formation of a higher low. This is a key signal that momentum may be shifting.
💎After this break, BONKUSDT retraced back to a critical support/resistance (S/R) level, aligning perfectly with the 0.5 Fibonacci retracement zone at 0.00001638. This confluence is a strong indicator that buyers are stepping in at crucial levels.
💎Currently, the pair sits just above the 0.66 Fibonacci area, probability of potential upward movement. We could see BONKUSDT head towards minor resistance around 0.00001809. If buying volume strengthens, a push towards the next resistance level at 0.00001901 is very much on the table.
💎On the flip side, there's always a risk. If BONKUSDT fails to maintain its support and we see a 4hour candle close below 0.00001552, the pattern will invalidate, and further downside could be expected.
Stay sharp, Paradisers! Keep an eye on those key levels and always trade with discipline. The market could offer big opportunities, but only for those who stay patient and play it smart.
MyCryptoParadise
iFeel the success🌴
💎#BONKUSDT has been making lower lows and lower highs on the 4H timeframe. However, in a recent turn of events, the market structure broke, forming a higher high, confirmed by the formation of a higher low. This is a key signal that momentum may be shifting.
💎After this break, BONKUSDT retraced back to a critical support/resistance (S/R) level, aligning perfectly with the 0.5 Fibonacci retracement zone at 0.00001638. This confluence is a strong indicator that buyers are stepping in at crucial levels.
💎Currently, the pair sits just above the 0.66 Fibonacci area, probability of potential upward movement. We could see BONKUSDT head towards minor resistance around 0.00001809. If buying volume strengthens, a push towards the next resistance level at 0.00001901 is very much on the table.
💎On the flip side, there's always a risk. If BONKUSDT fails to maintain its support and we see a 4hour candle close below 0.00001552, the pattern will invalidate, and further downside could be expected.
Stay sharp, Paradisers! Keep an eye on those key levels and always trade with discipline. The market could offer big opportunities, but only for those who stay patient and play it smart.
MyCryptoParadise
iFeel the success🌴
Comment
BINGO ! BONKUSDT printed 5.43% just as we predicted before.
Trade closed manually
BOOM ! #BONKUSDT up about 14.29% after sitting at key s/r level, did what just we predicted
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