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![nology3000 Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1252392877776424960.png) Nology [@nology3000](/creator/twitter/nology3000) on x 7633 followers
Created: 2025-07-17 04:52:07 UTC

#BONK

I'm flashing a warning here.  

Because the structure on $BONK is similar to a few #Altcoins that a lot more risk on them than others.  Remember?  #NotAllAltcoins.  

$BONK didn't have a serious retracement down in its history.  It's basically been up and up with sideways for 2023 with horrible ranging behavior for all of 2024 and I read the PA in Nov of 2024 as completing wave X.  

That said, we are at that level where if #BONK cannot pass, the threat of a correction becomes real.  

If we are bullish on it - and there are many reasons to be - momentum oscillators for one, I read this as a minor degree X that needs one more wave up, it should tap closer to its previous ATH.  

In the immediate short term, sideways, is best case scenario.  Worst is a larger degree correction.  

Only you press buy and sell.

Good Luck Degen.

![](https://pbs.twimg.com/media/GwCLCysbYAA0L_A.jpg)

XXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1945708066693058951/c:line.svg)

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[Post Link](https://x.com/nology3000/status/1945708066693058951)