Coin name: BONK
SHORT
Price: .00002326 (Risky trade)
(Enter on entry price)
BONK is showing signs of rejection from the key resistance zone. If it fails to break above this level, a downtrend may begin from here. However, if it breaks out to the upside with confirmation, it could be a good opportunity to open a long position.
Bitcoin dominance just bounced off trend-line resistance, opening the door for a selective altcoin rotation. Pick your setups carefully and stick to solid risk management; this isn’t a casino.
The DXY is sliding within a descending channel. I expect a brief dip first, then a recovery. My view is therefore short-term bearish, but medium- to long-term bullish.
5x leverage isolated
Target:
1) .00002072
2).00001874
3).00001750
4).00001423
For daily new signals like this, by following these simple steps:
Click my Binance LIVE for more information and signals update