#1000bonk
The expected scenario has been confirmed, congratulations to everyone
The current price of 0.008954 confirms that selling pressure is dominant, and the sell order we proposed in the previous analysis (breaking 0.008967) has been activated.
Any temporary upward rebound (to cool down the strength indicator) is likely to face strong resistance at the new middle level of 0.009323. Returning to this level is the best opportunity to open new sell orders.
The most important point for accelerating the decline towards your target is breaking the lower limit of 0.008848. If this level is broken and maintained below, it will open the door directly towards 0.008500 then 0.008000.
Updated recommendations for (activating the target of 0.0080)
As the price is in a sharply oversold area, there are two strategies to follow towards the target.
1. Sell recommendation (safest after the rebound)
This strategy relies on waiting for a temporary price rebound to a strong resistance area before resuming selling.
Entry: 0.009323 (the new middle limit)
Stop loss: 0.009798 (the new upper limit)
First target: 0.008848 (the lower limit).
Second target (market maker's target): 0.008000 (the expected target)
2. Entry: breaking and maintaining below 0.008848 (the current lower limit)
Stop loss: 0.009000 (near psychological resistance)
First target: 0.008500
Second target (market maker's target): 0.008000 and below
$1000BONK
