📉 $BONK / $USDT – BEARISH ENGULFING AFTER PARABOLIC RUN

BONK printed a bearish engulfing candle near $0.00002399 after a steep vertical rally. Price is now pulling back with increasing volume — a typical cooling-off after a euphoric run.

📌 Key Observations:

Rejection near previous peak ($0.00002399)

EMA(7) at $0.00002003 is acting as first line of support

Daily volume cooling, red bars increasing = caution for bulls

🔻 Short-Term Outlook:

If price closes below $0.0000200, expect pullback toward $0.0000185–0.0000175 range.

📊 Momentum: Bearish Bias

📉 Risk Level: Medium

🧠 Strategy: Wait for bounce/retest to short or scalp lower zones.

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