BONK, although it has a good 24-hour increase, the 15-minute chart details are quite interesting.
The short-term MACD histogram is shrinking, and both DIF and DEA are leveling off, indicating that the bullish momentum is weakening. The 1-hour KDJ is more obvious, having already formed a death cross from the overbought zone, which usually means there will be a retracement in the short term.
The key support level is around the dense trading zone near 0.0110.
The current advice is not to rush to chase at high levels. A better approach is to wait until the 1-hour RSI returns to around 50, and also observe whether a volume-decreasing bottoming pattern appears. If it really breaks below 0.0108, then be cautious, as the short-term trend may turn weaker, and stop-loss should be set properly.
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InfraVibes
· 01-07 21:50
Hey, BONK's surge is impressive, but upon closer inspection, it seems a bit shaky.
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TxFailed
· 01-07 19:47
nah this is peak "learned this the hard way" territory... bonk pumping then immediately showing death cross energy is literally the textbook setup before everything craters, fr fr
Reply0
ContractFreelancer
· 01-05 00:54
They're all falling, yet still hyping up the gains. Let's see who dares to chase the high.
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BearMarketLightning
· 01-05 00:53
Oh no, it's pulling back again. I won't chase this wave.
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GasFeeCryBaby
· 01-05 00:53
Oh no, MACD is playing tricks again. This time, it's really time to stay calm.
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HashRateHermit
· 01-05 00:50
It's the same pattern again, MACD shrinking, DIF leveling off... Bro, I've heard your analysis too many times. Every time you say there's a pullback, but then it just reverses and surges. Gambling, right?
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BankruptcyArtist
· 01-05 00:33
What are you chasing at high levels? Waiting for a pullback is the real strategy, brother.
BONK, although it has a good 24-hour increase, the 15-minute chart details are quite interesting.
The short-term MACD histogram is shrinking, and both DIF and DEA are leveling off, indicating that the bullish momentum is weakening. The 1-hour KDJ is more obvious, having already formed a death cross from the overbought zone, which usually means there will be a retracement in the short term.
The key support level is around the dense trading zone near 0.0110.
The current advice is not to rush to chase at high levels. A better approach is to wait until the 1-hour RSI returns to around 50, and also observe whether a volume-decreasing bottoming pattern appears. If it really breaks below 0.0108, then be cautious, as the short-term trend may turn weaker, and stop-loss should be set properly.