There is also a ‘Double bottom retreat down’ chart pattern is existing. The chart forms ‘Double bottom retreat down’. which is a bearish chart scenario. The currency pair is likely to go down.
The pair BOOK OF MEME/Tether (BOME/USDT) jumps from the ascending trendline down.
The bearish trend downwards to the next support line at 0.002078000 is likely expected.
Caution: A possible reversal of the trend in the direction of resistance at 0.002794000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.002818000 |
| Next High | 0.002794000 |
| Current Price | 0.002295000 |
| Next Low | 0.002078000 |
| 2nd Low | 0.001704000 |
| 3rd Low | 0.001694000 |
0.002355000 – 0.002034000 – 0.001946000 – 0.002078000 – 0.001704000 – 0.001778000
Trading Signals: FOREX – BOME – BOME/USDT – USDT – – Double bottom retreat down