The correction is officially over. After a sharp pullback, BONK has beautifully carved out a classic "W" bottom and is showing the first powerful signs of a complete trend reversal. This is the exact pattern that signals a major shift in momentum from sellers to buyers.
Don't be fooled by the previous downtrend; the bottom is in, and the bulls are taking over.
๐ The Bullish Case (Why BONK Is a Prime Buy Now)
๐น Classic "W" Bottom Formed: The price has created a textbook double bottom reversal pattern. This is one of the most reliable signals in technical analysis that a downtrend has ended and a new uptrend is beginning.
๐น Downtrend Broken: The downtrend line from the previous high has been decisively broken. Selling pressure is exhausted, and buyers have clearly stepped in with force.
๐น Strong Bullish Momentum: The powerful rally off the second low confirms the reversal. These strong green candles show conviction and are the start of a new impulse wave higher.
๐น Fantastic Risk/Reward: Entering now, as the "W" pattern confirms, provides an exceptional risk-to-reward setup. Your potential upside is massive as it targets previous highs and beyond, versus a defined risk below the pattern.
๐ The Trade Recommendation:
This is a high-probability "W" bottom reversal trade. All signs point to a new uptrend.
โ BUY: In the current zone of $0.00002280 โ $0.00002300
๐ฏ TP1: $0.00002380 (The previous major swing high)
๐ฏ TP2: $0.00002500
๐ SL: $0.00002150 (A tight stop below the recent swing low)
๐ฅ The Bottom Line: The selling is over, the reversal pattern is clear as day, and this is your chance to get in at the ground floor of the next major BONK rally.
๐ Do you think BONK will re-test the highs this week? Let me know your thoughts! ๐
โค๏ธ Like if you're bullish on this "W" bottom, and follow for more classic reversal plays
#Bonk #BONK๐ฅ๐ฅ #BONKUSDT #BonkCoinFundamentals
