Talking about #Bonk

With the 1-hour timeframe, analyzing the chart data, it looks like $BONK has formed resistance levels in several approaches that have accumulated the participants' stop losses.

A gradual increase in trading volumes can be observed and price minimums are shrinking, which indicates the dominance of buyers.

More movement near the levels should be expected and increased buying activity in the order book can be observed before a possible breakout on the activation of stop losses.

Please refer to the attached image for clarification.

You can also use the chart shortcut below if you’d like

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— Disclaimers —

This is not investment advice, it is simply free knowledge for your consideration

Remember to always *Do Your Own Research* (DYOR)