$1000BONK /USDT โ Triangle Formation Ahead of Breakout? ๐ง
$1000BONK is currently consolidating inside a Symmetrical Triangle pattern on the 1H chart. This pattern suggests a strong move is coming โ but the direction depends on the breakout! ๐๐
๐ Support Line: Holding near $0.0330 ๐ Resistance Line: Tightening near $0.0355 ๐ Current Price: $0.03467 ๐ Volume: Compressing = Breakout Imminent โก
๐ Technical Analysis:
๐ธ Triangle is forming after a downtrend = Possible bullish reversal ๐ธ Price is coiling with lower highs and higher lows ๐ธ Volume decreasing โ classic sign of breakout build-up ๐ฅ ๐ธ Breakout above $0.0355 can push price towards $0.0385+
I'm currently watching the triangle closely. If price breaks above the resistance, momentum can take $BONK flying again. However, if it breaks down, we may retest $0.0325 โ stay cautious & wait for confirmation! โ ๏ธ
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