$BONK has made a powerful impulsive move, breaking out aggressively from its base.
The recent pullback appears to be profit-taking after a sharp rally, not a breakdown. Momentum is still strong, but volatility is high, so sharp candles are expected.
If price holds above the breakout zone, continuation remains likely. This is strength, but risk management matters with moves this fast.
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$BONK has made a powerful impulsive move, breaking out aggressively from its base.
The recent pullback appears to be profit-taking after a sharp rally, not a breakdown. Momentum is still strong, but volatility is high, so sharp candles are expected.
If price holds above the breakout zone, continuation remains likely. This is strength, but risk management matters with moves this fast.