Bearish signs on BONKAfter so many highs, BONK is falling.
Why is this drop different from the previous series?
1- According to rumors, it seems that FTX has liquidated or is liquidating a large amount of its altcoins.
2- It is possible to start a bear market not only for BONK but also for the crypto market for 2 months.
I marked 3 confirmations on the chart. First of all, the downward momentum is also very high.
1- The first confirmation is the stabilization below the KEY LEVEL in daily time
2- The second confirmation is the failure of the TREND LINE
3- The third confirmation is the creation of a bearish CH
In general, the symbol that has risen this much is risky and should be taken care of
In any case, your positions should not be based on FOMO and you should take a position or buy and sell your assets by carefully checking the chart.
