BONKUSDT: descending triangle breakout!!

12月11日

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Let's analyse BONKUSDT:

TECHNICAL ANALYSIS:
BONK is currently consolidating within a parallel channel. After breaking out of a descending triangle pattern and undergoing a corrective pullback, the price has found support at the 100-day EMA on the daily chart.

The previous breakout led to a significant 135% price surge, and a similar rally is anticipated as the price approaches the upper boundary of the parallel channel. Bullish crossovers in RSI and MACD indicators further support the bullish outlook for BONK.

Key Level:
Entry: CMP to $0.000033

SL: $0.000028

Leverage: 2-3x

Target:
$0.000046
$0.000055
$0.000068
$0.000089

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Happy Trading!!