$1000BONK /USDT â Triangle Formation Ahead of Breakout? đ§
$1000BONK is currently consolidating inside a Symmetrical Triangle pattern on the 1H chart. This pattern suggests a strong move is coming â but the direction depends on the breakout! đđ
đ Support Line: Holding near $0.0330 đ Resistance Line: Tightening near $0.0355 đ Current Price: $0.03467 đ Volume: Compressing = Breakout Imminent âĄ
đ Technical Analysis:
đž Triangle is forming after a downtrend = Possible bullish reversal đž Price is coiling with lower highs and higher lows đž Volume decreasing â classic sign of breakout build-up đ„ đž 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 â stay cautious & wait for confirmation! â ïž
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