📉 $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.
