📈 Market Analysis Update 📊
Yesterday, we believed the market had reached a potential turning point, only to see it extend further to complete a harmonic structure that might pave the way for another one.
⚠️ The Question: While the market had signs of a possible reversal, will today’s daily candle form an engulfing pattern, or are we looking at a small candle followed by a significant move tomorrow?
💡 My Strategy: I’ll focus on Bonk and consider entering a position. The chart appears clearer, with an AB=CD harmonic pattern (equal daily legs). It closed with:
✅ A hammer on the daily and 12-hour charts
✅ A long-legged doji on the 8-hour chart yesterday
🚀 These patterns signal a promising opportunity.
📍 Trade Setup:
Stop Loss: 0.026617
Take Profit: 0.048396 (Daily Resistance Level)
🔑 Pro Tip: Always trade wisely and apply proper risk management.
✨ Good luck! ✨
# Bonk
