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#BONKUSDT — A sharp decline is coming if this pattern is confirmed ⚠️📉
On the daily timeframe, the trend remains bearish, with lower highs and lower lows continuously, with no signs of a trend reversal so far.
Looking at the H4 timeframe, #BONK is forming a bearish pennant pattern.
If this pattern breaks down, $BONK is likely to continue declining, at least to the lowest point of the pattern, with a maximum target of around 0.0000065 USD 🎯
Trading ideas:
Bold trader: Sell on breakdown
Conservative trader: Sell on retest or after breaking the pattern's lowest level 🧠
$BONK