#1000BONK/USDT
Bitcoin is weak and in a correction phase. This exerts additional selling pressure and makes any rebound risky.
In a clear correction phase and negatively affected by Bitcoin's weakness. The strategy is to wait for safe accumulation at the bottom or follow the downward break.
Continuation of the correction and failure of critical support at 0.008639
"Excellent" sell recommendation (follow the correction and break the bottom)
Trade: Sell - Excellent entry (break of the lower limit)
Entry: Break 0.008639 (the lower limit) and hold below
Stop loss: 0.009495 (the middle limit)
Market maker target: benefit from the downward pressure and push towards a new bottom
First target: 0.008293 (previous visible bottom)
Second target: 0.007900 (deeper bottom)
"Good" sell recommendation (failure to break resistance)
Trade: Sell - Good entry (failure of resistance)
Entry: 0.009495 (the middle limit) - in case of touching it and failing to break it
Stop loss: 0.009650
Market maker target: take profit at the equilibrium point and return to downward pressure
First target: 0.009061 (current price)
Second target: 0.008639 (the lower limit)
$1000BONK
