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If you are a trader in any financial market, you definitely need to know the secrets of Japanese candlesticks. There is no doubt that Japanese candlesticks occupy the top position among all price display systems on the charts of all financial markets.

BONK Price Continues to Decline as Market Responds to New Fed Approach
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The chart of the BONK/USD pair’s price movements shows that it has been following a clear downward path since reaching its highest levels on December 20 at $0.00005029. The chart above shows the formation of a descending channel with declining upper and lower levels, which is an indication of a significant decline in demand for the currency, as the Federal Reserve’s statements - which were more hawkish than expected during its last monetary policy meeting - contributed to the decline in the value of most digital assets, and the US central bank announced its intention to cut interest rates twice over the next year instead of the three times that were scheduled to be implemented. In the same context, market participants interpret this move as an indication of the possibility of inflation rates rising again in the next 3-6 months, which may increase the chances of the Federal Reserve stopping implementing its monetary easing policy; Low interest rates are often seen as a catalyst for investing in riskier assets like cryptocurrencies, as investors’ appetite for risk increases and liquidity flows into the markets. Despite this temporary weakness, the meme coin category saw a remarkable recovery after Donald Trump was declared the winner of the US presidential election last November, paving the way for most of them to surge and hit new highs since then. BONK is no exception, with gains of 134%.4% YTD. Finally, the chart currently shows that the price could continue to decline in the foreseeable future unless the upper barrier of its descending channel is breached soon at some point, and given the significant gains that meme coins have made recently, the current correction is very necessary as it allows late-stage investors to take advantage of the opportunity to buy at lower levels. BONK Price Continues to Decline as Market Responds to New Fed Approach

No, beginners in trading cannot make profits without learning. Trading requires a deep understanding of financial markets, strategies, and analytical tools.

Reasons why learning is essential:

The basics
1. Understand how markets work.
2. Knowledge of trading tools and platforms.
3. Fundamental and technical analysis.

Strategies