🚨 $BONK TECHNICALS JUST FLASHED DEATH. 20% DUMP INCOMING.

The dog is sick. $BONK is trading 16% ABOVE its Bollinger Band upper limit. RSI is exhausted at 61. The MACD is flat. 

This is not a consolidation. This is the calm before the storm.

The Trade:

Action: Short $$BONK Hedge your spot bags.

Entry: Current price (~$0.000032 - $0.000035).

Target: $0.000028 (The 20% haircut).

Momentum is dead. If you are holding BONK from lower levels, take profits now. Buy back when the "weak hands" are shaken out in 10-14 days.

Agree or disagree? Will BONK bounce or break?#BONK  #TechnicalAnalysis  #BearishDivergence  #ShortTrade  #CryptoTA  #MemeCoins #BinanceSquare #Write2Earn

BONK

0.0₅611

-0.97%