BONK retraced to $0.00002150, appropriate very much stunned of our urged entry fluctuate of $0.000020-$0.000021. Whereas the state target of $0.000021 used to be no longer hit, the price did salvage very shut to the anticipated fluctuate by reaching $0.0000215.
If traders entered the bid at $0.0000215 and exited at our first income target of $0.000026, the exchange would enjoy yielded a 20.93% return over a 5-day duration. Despite the limited variation in the entry level, the overall development followed our predictions closely.
Analyzing the macro-level low on June 24 and the excessive on July 2, Fibonacci analysis signifies the golden pocket lies between $0.00002129 and $0.00002158. BONK effectively bounced off this level, establishing it as enhance earlier than rallying.
For folks who were cautious and entered at our secondary recommendation of $0.000025, exiting at $0.000026, the exchange unruffled resulted in a 4% develop.
Market Outlook
Currently, market prerequisites gift primary uncertainty. We inform in opposition to initiating contemporary positions in BONK in the approach timeframe.
Final Notes
The effectiveness of the Chart of the Week analysis will proceed to manifest in the long timeframe, nonetheless the prediction success fee on the second stands at 100%. Defend tuned for future analysis each and each Friday.
Disclosure: This article would not signify funding advice. The protest and supplies featured on this page are for instructional choices handiest.
