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BONK/USD - Market Observation
From a technical perspective, I think BONK still has room to surge towards the 1360 level. The current rally is indeed ridiculously strong. In the short term, I remain bullish, but after this price level, a deeper correction is inevitable. It's quite rare for market enthusiasm to sustain like this. Once that target is reached, be alert for signs of a pullback.
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Watching this kind of rally makes me nervous, feels like it's about to plunge at any moment
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Wait, how deep is the correction? Need to set stop-losses, brother
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This heat won't last long, feels like a pullback is coming
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Damn, it's that "rise first, then fall" pattern again, I'm afraid of getting liquidated
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1360 is indeed attractive, but how to handle the subsequent pullback?
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Short-term bullish is fine, but be cautious in the long run
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Strong as it is, be careful not to get caught holding the bag
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This kind of rally is really rare, but it also means high risk
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Following the trend just means waiting to be harvested, better wait for the pullback to enter