$BONK will dump very low. Short opportunity.CRYPTOCAP:BONK , SEED_DONKEYDAN_MARKET_CAP:FLOKI , CRYPTOCAP:PEPE , and similar coins have seen massive pumps recently. However, these surges are not organic; they are likely manipulated by exchanges or influential whales.
CRYPTOCAP:BONK , for instance, is heavily backed by the Solana community and gets a significant push from Solana enthusiasts.
The issue with these pumps is that they defy normal chart logic, creating large bearish divergences. These divergences eventually need to be corrected, leading to prolonged and painful dumps.
Trading these coins can be straightforward if approached wisely. Wait for a significant dump and for the weekly chart to reset to oversold territory. This process could take up to six months.
The best time to act is when the daily, weekly, and hourly charts align. This alignment often signals when whales ignite a new pump. However, once the coin is pumped, sell quickly and move on to avoid the inevitable harsh dump that follows.
Currently, CRYPTOCAP:BONK is in the process of resetting. Until the MACD and RSI reach their lowest levels, I would recommend staying away from this coin entirely or considering shorting it.
**DYOR** (Do Your Own Research).
