Oh, my dear children! Listen to what the old lady has to say about #BONK

July 16 — breakout

BONK soared from around ~$0.000036 to a maximum of ~$0.0000415

Volumes increased x2–3 compared to July 13–14

RSI entered the overbought zone >85

A “bullish engulfing” was formed — a powerful bullish candle

❗ What it meant:

The breakout at the level of $0.000040 signaled a transition to a new phase of growth

This confirmed the strength of the trend, with active interest from retail traders

The level of $0.000040 became key resistance, which turned into support

July 17 — attempt to consolidate

The price retraced to ~$0.000037–$0.000038

Shows consolidation below the level of 0.00004 — the market is breathing after the surge

RSI remained high (~75–80), but cooled down a bit

If it doesn't hold above $0.000037 today or tomorrow — there may be a short-term pullback to $0.000033–0.000034 to gather liquidity

If #BONK crawled out of the hut yesterday through 0.00004, then not to crawl back in! But remember, there is a path, not an elevator, to every peak. It will be a bumpy ride!