Technical Analysis Update, Bonk Coin News Today 2024-07-01

x3-comments (69)in #steemit • 5 months ago

Hello Everybody Welcome to my blog. Today we are going to talk about the Bonk Coin News Today

we've already broken the downtrend it does look like the retest has been pretty successful you've made one retest second retest and pretty much jumped back up and there you are all right so I think the best stop loss for Bonk is going to be down at 1787 if you do make it down 1787 that can be a little bit bad you know take out that stop loss and then you have 1,600 as your next probably even big support level

Bitcoin has a very similar pattern on the 4-hour time frame you have Bitcoin that started at 72k$ here and it went down so I'm just considering this is a Bitcoin chart, not a bonk chart anymore because it's similar very very similar so Bitcoin was at 72k$ right we saw that and it started going down to 57k$ right and now it's trading at 62800

it does it not come down for the retest so Bitcoin is looking to come down for the retest and hopefully we get the retest and a confirmation just as we did on Bonk and from there Bitcoin goes back up again to 72k$ and Bonk goes back up again to 4500 so it's it's a pretty simple scenario at the moment so that's all for this quick update