BOND Flashed Two Strong Bearish Signals On The Daily Chart

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.