🧠 BONK at a Make-or-Break Level — Breakout or Breakdown Incoming?
$BONK has coiled into a high-stakes decision zone, and the chart is screaming: “Big move loading…” 🔍
Here’s why this matters 👇
📍 Price Pressure Points: – Point of Control (POC)
– Value Area High
– Major Horizontal Resistance
– Top of a forming pennant
These technical confluences = compression zone. Low volatility → big volatility next.
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📊 2 Scenarios to Watch:
✅ Bullish Breakout: – Strong volume + candle close above the cluster
– Confirms pennant breakout
– Structure flips bullish → higher highs, higher lows
– Momentum run likely
⚠️ Bearish Rejection: – Price fails to break, gets pushed down
– Targets the 0.618 Fib + Value Area Low (support)
– Market stays in balance = healthy pullback/reset
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📅 What to Do Now:
– Don’t front-run the move.
– Wait for confirmation (break or rejection).
– Follow the volume, structure, and close — not just the wick.
This is the calm before the storm — and the breakout candle might be the signal. Stay sharp. 🧠⚡