#bonk

“0.002553 support is broken”

👉 This means that buyers were previously active at this level, but now the price has fallen below it.

👉 Breaking the support usually signals a possible continuation of the downtrend.

“If it consolidates around that level”

👉 If the price starts moving sideways (consolidating) around 0.002253 or just below it, then two possibilities arise:

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🔻 1. Bearish Continuation (More Likely):

If the price consolidates and then breaks down further, it can continue falling.

Next Targets: You'll need to identify the next support levels like 0.0020, 0.00185, etc.

🔼 2. False Breakdown & Bullish Reversal:

If the price consolidates below 0.002253 and then moves back above it, reclaiming that level, it can be a sign of a bullish reversal.

This means the price might go up again from there.

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✅ For Confirmation, Watch These:

1. Volume – A valid breakdown or reversal usually comes with high volume.

2. MACD / RSI – If RSI is oversold or MACD gives a bullish crossover, chances of a reversal increase.

3. Candle Patterns – Look for patterns like a bullish engulfing or hammer near the support zone.