$BONK 24-hour low, current price 0.0₅281, previous low 0.0₅2818.
After a new low, there are generally three possible moves:
① Bounces to the previous low, then falls back: downtrend continues
② Chops around the previous low: consolidation, direction still unclear
③ Quickly reclaims the previous low and holds: bull trap
It is still below the previous low for now, so first we’ll see whether it’s scenario ① or ②.
#BONK
The above is a compilation of publicly available information; the original text takes precedence.
After a new low, there are generally three possible moves:
① Bounces to the previous low, then falls back: downtrend continues
② Chops around the previous low: consolidation, direction still unclear
③ Quickly reclaims the previous low and holds: bull trap
It is still below the previous low for now, so first we’ll see whether it’s scenario ① or ②.
#BONK
The above is a compilation of publicly available information; the original text takes precedence.