What is the #BONK follow-up? Is it worth trading? $BONK
In fact, I do not know why this token, including the recent tokens are, may be because there is a certain market heat? But it's not very high. 🤔
We have a look at the trend, after the listing there is a round of price rush, then go down the market, other indicators have not yet shown, light K line form is not optimistic
Based on the Fibonacci calculation, the current price is in the downtrend of 0.382 rebound position, there is a great possibility to continue the trend to go down
As I said before, it is difficult to do technical analysis on newly listed tokens because market sentiment is hard to quantify.
But just in time to catch up with the overall decline in the market, this time the mood is still a little more rational, at least not so fanatical
So technical analysis can also be used as a reference at this time. 😁
