BONK/TETHERUS Binance
On D1, the price may push off from the lower border of the channel and begin an upward trend. From the border you can see rebounds of 30% - 80%, which indicates the presence of buyers. On H4, for confirmation, you can wait for the formation of a 3-wave structure along the trend and consider buying. You should be careful if an ABC or 3-wave structure in the opposite direction is formed (the presence of a 5th wave down), the price may make a false breakout and update the low again.
Target: 0.00002355 - 0.00003392
