#BreakoutTradingStrategy $BONK ๐ถ Bonk Breakdown? | Bearish Reversal Signals Flashing Red ๐จ๐
The bark is fading โ and Bonk might be heading into a bearish reversal zone ๐ป๐. Once the memecoin marketโs golden pup, Bonk is now flashing multiple warning signs that could mark the end of its recent pump cycle ๐ฅโณ. If youโre still riding this wave without a plan, you might be walking straight into a Chaddump vortex ๐๐.
๐ The RSI is rolling over, slipping out of the bullish zone ๐โก๏ธ๐. Meanwhile, MACD just crossed bearish, and volume is drying up โ three classic signs of a trend reversal ๐ง ๐ซ. The last time we saw this combo was before Jeetcoin tanked and Rugzilla went full meltdown ๐ป๐ฅ.
๐ On-chain behavior isnโt helping the case: exchange balances are rising again, suggesting sell pressure is mounting ๐ฆ๐. Some whale wallets are beginning to offload โ a sharp shift from the accumulation phase that powered Bonkโs last rally ๐๐ง. This is often how stealth whaledumps begin ๐ณ๐ฃ.
๐ฌ Community vibes? Turning cautious. The hype is cooling fast, with influencers posting "exit pump or exit trap?", and terms like Scamloop, Pumpthenrug, and Burninator fatigue trending again ๐ฌ๐งฏ. Even memelords are pulling back from Bonk stickers and shifting toward new degen flavors like Mylord and Toiletcoin ๐ช ๐ฅ.
๐งฑ Technically, Bonk is struggling to hold key support zones. Multiple attempts to bounce have failed, and buyers appear exhausted ๐ฎโ๐จ๐. If support breaks, this could accelerate into a full Rugstorm scenario โ fast and unforgiving โก๐ช.
Nowโs the time to manage risk, avoid FOMO, and tighten those stop losses ๐โ๏ธ. The bulls had their run โ but this might be the bearsโ turn.
โ ๏ธ Not financial advice โ always DYOR