BONK - Forming Market Structure
Bonk looks very interesting here.
Price has retraced to our red box. Our red box represents 3 time massive amounts of selling liquidity pushed the price of Bonk down (red X). After a breakout and retest it looks like the bulls have defended this price level and is currently acting as new support (green checkmark).
Price has retraced to our red box. Our red box represents 3 time massive amounts of selling liquidity pushed the price of Bonk down (red X). After a breakout and retest it looks like the bulls have defended this price level and is currently acting as new support (green checkmark).
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