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#BONKUSDT – Trend Reversal, Likely Formation of an ATL Level
On the weekly chart, the price of $BONK fell below the neckline level of the Head and Shoulders pattern. The breakdown candles are characterized by strong trading volume, unlike the previous weak breakdowns. Three consecutive weekly candles pushed the price below the neckline level.
If $BONK fails to regain this level, further decline is expected, with a high probability of a new ATL level forming.
#WhenWillBTCRebound?
#BONK
$BONK