#BONK

During the week, clear lows are visible, possibly the price will go down again for liquidity 🐻

Currently, there is a sideways movement at the lower boundary. On the 2D chart, there was a structural break and a retest right at strong support ⚠️

Locally, the price is in a descending channel, while on the hourly chart, there is an ascending wedge and bearish divergence. There is a chance to go slightly higher, test the daily IMB and BPR where a PGIP may form.

If we break the channel upwards and hold, growth is possible ↗️ If there is a deviation, then we will go lower to collect liquidity in the FVG and OB zone.

Everything now depends on the reaction to the upper boundary of the channel ✔️

We are observing 👀