I think a true disaster will happen here. It seems that the biggest damage will happen to the memecoins side of the market, based on what I am seeing coming from the charts.
Here we are looking at Bonk. You know, a major crash leads to a very strong rise when market conditions switch from bearish to bullish, we've seen this in the past. These memecoins grew really strong and the same also works in reverse. A major rise tend to produce a very strong correction and since there hasn't been much for this pair in comparison to recent growth, a major market flush can cause real damage.
Ok, what is the chart saying?
My name is Bonk, James Bonk...
➖ BONKUSDT can easily lose ~50%. This would be level 1.
But there is also level 2 and level 3.
➖ Level 2 would mean a 85% drop from current prices and level 3 a 95% drop.
➖ Level 1 support can be tested easily, that would be -50% for BONKUSDT. The other two, I don't know, but the market has been consolidation for many months for a major drop. If level 1 breaks, prepare for the worst.
Namaste.
Here we are looking at Bonk. You know, a major crash leads to a very strong rise when market conditions switch from bearish to bullish, we've seen this in the past. These memecoins grew really strong and the same also works in reverse. A major rise tend to produce a very strong correction and since there hasn't been much for this pair in comparison to recent growth, a major market flush can cause real damage.
Ok, what is the chart saying?
My name is Bonk, James Bonk...
➖ BONKUSDT can easily lose ~50%. This would be level 1.
But there is also level 2 and level 3.
➖ Level 2 would mean a 85% drop from current prices and level 3 a 95% drop.
➖ Level 1 support can be tested easily, that would be -50% for BONKUSDT. The other two, I don't know, but the market has been consolidation for many months for a major drop. If level 1 breaks, prepare for the worst.
Namaste.
Trading Cryptocurrencies can be the hardest undertaking ever without the right trade-numbers, without accurate private-access information. Free is free, but the best always requires sweat, an investment. Since 2017 👇
t.me/masteranandatrades/8778
t.me/masteranandatrades/8778
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Trading Cryptocurrencies can be the hardest undertaking ever without the right trade-numbers, without accurate private-access information. Free is free, but the best always requires sweat, an investment. Since 2017 👇
t.me/masteranandatrades/8778
t.me/masteranandatrades/8778
関連の投稿
免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。