$BONK hit strong support, and is currently bouncing off the retest. That’s a good sign.
If #BONK can sustain itself above support, then it’s possible it can go after reclaiming its ATH. Watch the Fib levels. 
Discussion
$BONK is still within the order block (blue bar).
If we zoom into a lower time frame, we can see that #BONK’s price touched the lower range of the order block, which also happens to be… the 2.618 Fibonacci level. Watch the Fib levels. 