$BONK analysis and awaiting scenario
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Are you ready for the next explosive move in #Bonk ? After nailing the last rally and spotting the impulsive 5-wave structure early, we’re now entering a critical phase — and what happens next could decide whether BONK flies or collapses.
💎The recent pullback has followed a clean A-B-C corrective structure, landing perfectly into the key demand zone between 0.00002600 and 0.00002200. This zone now acts as the battlefield between smart money buyers and weak-handed sellers. Price action is slowing down, volume is drying up, and RSI is resetting all classic signs of a potential bullish continuation. But if buyers fail to step in with conviction, the market could easily sweep lower to test the major demand zone closer to 0.00001800.
💎As long as price holds this area and confirms a reversal with follow-through #BullishMomentum , and we could see #BONK heading back toward 0.00003460 as the first stop, and possibly a retest of the 0.00004030 resistance. However, if price closes below 0.00001409, that would invalidate the bullish setup and confirm a deeper corrective phase.
Patience and strategy win the game, Paradisers! The market is designed to shake out weak hands before the real move happens.
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Written by,
MyCryptoParadise
