Technical analysis by ben_walther about Symbol BOND: Sell recommendation (7/13/2024)

BOND is in a considerable long-term downtrend. Since its peak in April, the crypto token has lost almost 80%. Recently, BOND found a local bottom and recovered slightly. However, there's a huge chance that this is just temporary, and traders can expect another leg down. Here's why 👇 BOND flashed two strong bearish trade signals on the daily chart. ➡️ The Big Extender signals rely on EMA, RSI, and ADX indicators. ➡️ The Parabolic Trader incorporates the MACD, PSAR, and ADX. Both signals indicate a robust downward momentum and show solid backtest reliability. Chart / Entry: From a chart perspective, as a possible entry, I might be wise to wait for a break of the support at $1.30.