Bonk Falling Wedge

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Falling Wedge doesn't guarantee a breakout. But I believe if it breaks the resistance, the impulse after breakout would be very strong.

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I am not bullish or bearish. But since the price is near the resistance, a valid breakout could result in a long green candle while the rejection from resistance does not necessarily provide valuable trading opportunities as the price could go down little bit and stay flat for a period of time.

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The selling pressure seems to be temporally controlled by bull. But if we do not see any obvious bounce from here, then we might say goodbye to bonk...

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