šŸ“ˆ Market Analysis Update šŸ“Š

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.

āš ļø The Question: While the market had signs of a possible reversal, will todayā€™s daily candle form an engulfing pattern, or are we looking at a small candle followed by a significant move tomorrow?

šŸ’” My Strategy: Iā€™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:

āœ… A hammer on the daily and 12-hour charts

āœ… A long-legged doji on the 8-hour chart yesterday

šŸš€ These patterns signal a promising opportunity.

šŸ“ Trade Setup:

Stop Loss: 0.026617

Take Profit: 0.048396 (Daily Resistance Level)

šŸ”‘ Pro Tip: Always trade wisely and apply proper risk management.

āœØ Good luck! āœØ

$BNB

# Bonk

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