Bonk - Golden Retest

9 Des

Looking at our previous post we were identifying the red box as a key level of liquidity for BONK. It was a previous level of old resistance flipped into a new level of support.

We just had a flash crash today across the board for alts so how did this affect BONK? Well actually it might've given bonk the liquidity need to start its next leg!

See we did deviate below our range (red box) but after testing the 0.618 and also the key yellow line around $0.000034 (weekly candle bodies) we have seen massive demand. So far price has moved back up almost 20% from the lows! If we can reclaim the red box around $0.00004 and continue to close weekly candles above that box then this will be the bottom for the next leg.