💥 ¡$BONK is preparing for a big move! 🚀
The highest probabilities point to an upward breakout, and here are my arguments:
1️⃣ After the initial impulse, the price failed to drop below the 0.5 level of Fibonacci, showing resilience.
2️⃣ The oscillator is highly developed and signals a possible drop, but the price did not confirm it, which could be a sign of accumulation.
3️⃣ The volume, after the initial impulse, decreased significantly, causing a weak pullback.
👉 For these reasons, I find it interesting to look for long positions at #BONK on a smaller timeframe, such as 4H.
🎯 First target: to reach the previous high, and then, aim to conquer new highs!
📈 Good luck with your trades! 🙌