$BONK
From the analysis of the BONK/USDT charts, I noticed some notable points:
1. Technical Analysis:
- RSI is at a low level (RSI(14) = 44.46) indicating a downtrend
- The MA lines are showing signs of crossing downwards
- The price is down -4.55% and testing the support zone of 0.047427
- Bollinger Bands are narrowing, indicating a potential volume explosion
2. Money Flow Analysis:
- The money flow in the last 5 days is negative (-693,581.05M)
- Selling pressure is greater than buying, as reflected by higher selling volume in recent sessions
- Trading volume is gradually decreasing
3. Possible Scenarios:
- Scenario 1 (70%): The price continues to decrease to the zone of 0.046442 (24h low)
- Scenario 2 (30%): The price recovers slightly to the zone of 0.049-0.050 before continuing the downtrend
Recommendations:
1. It is not advisable to buy at this time because:
- The downtrend is still strong
- Money flow is withdrawing
- There is no clear reversal signal yet
2. If holding:
- You may cut losses if the price breaks below 0.046442
- Set stop loss at 0.046000
- Monitor trading volume and RSI further to determine reversal points
3. If wanting to buy anew:
- Wait for a clear reversal signal
- RSI exceeds 50
- Trading volume increases sharply along with green candles
Note: This is just an analysis based on technical data; investors should consider other factors and manage risks appropriately.