BONK, although it has a good 24-hour increase, the 15-minute chart details are quite interesting.
The short-term MACD histogram is shrinking, and both DIF and DEA are leveling off, indicating that the bullish momentum is weakening. The 1-hour KDJ is more obvious, having already formed a death cross from the overbought zone, which usually means there will be a retracement in the short term.
The key support level is around the dense trading zone near 0.0110.
The current advice is not to rush to chase at high levels. A better approach is to wait until the 1-hour RSI returns to around 50, and also observe whether a volume-decreasing bottoming pattern appears. If it really breaks below 0.0108, then be cautious, as the short-term trend may turn weaker, and stop-loss should be set properly.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
19 Likes
Reward
19
6
Repost
Share
Comment
0/400
TxFailed
· 1h ago
nah this is peak "learned this the hard way" territory... bonk pumping then immediately showing death cross energy is literally the textbook setup before everything craters, fr fr
Reply0
ContractFreelancer
· 01-05 00:54
They're all falling, yet still hyping up the gains. Let's see who dares to chase the high.
View OriginalReply0
BearMarketLightning
· 01-05 00:53
Oh no, it's pulling back again. I won't chase this wave.
View OriginalReply0
GasFeeCryBaby
· 01-05 00:53
Oh no, MACD is playing tricks again. This time, it's really time to stay calm.
View OriginalReply0
HashRateHermit
· 01-05 00:50
It's the same pattern again, MACD shrinking, DIF leveling off... Bro, I've heard your analysis too many times. Every time you say there's a pullback, but then it just reverses and surges. Gambling, right?
View OriginalReply0
BankruptcyArtist
· 01-05 00:33
What are you chasing at high levels? Waiting for a pullback is the real strategy, brother.
BONK, although it has a good 24-hour increase, the 15-minute chart details are quite interesting.
The short-term MACD histogram is shrinking, and both DIF and DEA are leveling off, indicating that the bullish momentum is weakening. The 1-hour KDJ is more obvious, having already formed a death cross from the overbought zone, which usually means there will be a retracement in the short term.
The key support level is around the dense trading zone near 0.0110.
The current advice is not to rush to chase at high levels. A better approach is to wait until the 1-hour RSI returns to around 50, and also observe whether a volume-decreasing bottoming pattern appears. If it really breaks below 0.0108, then be cautious, as the short-term trend may turn weaker, and stop-loss should be set properly.