BONK is gearing up for a potential bullish surge! 🌊
💎 Paradisers, #BONK has shown a Change of Character (CHoCH) towards a bullish market structure and may capture inner range liquidity by filling the Fair Value Gap (FVG). From there, we could see a bounce from the bullish Order Block (OB).
💎 If the price breaks out above the resistance level, we can anticipate a bullish move to the next resistance levels. However, the probability of this move is lower as the price hasn't taken any liquidity yet.
💎 When the FVG fills, it can be interpreted as the price capturing inner range liquidity, and then a bounce from the bullish OB may occur. For confirmation, we'll need to see CHoCH and a Break of Structure (BOS) from that point.
💎 However, if the price breaks down the bullish OB, it's best to avoid trading #BONK and wait for better price action that aligns with a bullish market structure.
💎 If the price breaks out above the resistance level, we can anticipate a bullish move to the next resistance levels. However, the probability of this move is lower as the price hasn't taken any liquidity yet.
💎 When the FVG fills, it can be interpreted as the price capturing inner range liquidity, and then a bounce from the bullish OB may occur. For confirmation, we'll need to see CHoCH and a Break of Structure (BOS) from that point.
💎 However, if the price breaks down the bullish OB, it's best to avoid trading #BONK and wait for better price action that aligns with a bullish market structure.
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