# BONK
Technical Indicators: Indicators such as the Relative Strength Index (RSI), Moving Averages (MAs), and MACD can provide insights into possible reversals or continuations of trends. Currently, the RSI for BONK is showing a strong bullish momentum (around 74), indicating that it may be in overbought territory, which could precede a short-term correction.
Important Considerations for Trading BONK:
* High Volatility: Bonk is extremely volatile. Price swings can be drastic and sudden.
* The Trend is Your Friend (until it bends): Currently, the trend appears bullish, but always be prepared for reversals.$BONK #BONK🔥🔥 $BTC