29.7K @CryptoPulse_CRU $BONK – Trend reversal, ATL likely
On the weekly, $BONK broke down below the head and shoulders neckline. The breakdown candles are strong and backed by volume, unlike the earlier weak breakdowns. Three consecutive weekly candles have pushed price below the neckline.
If $BONK fails to reclaim this level, expect further downside, with a high chance of printing a new ATL.
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