The currency pair BOOK OF MEME/Tether (BOME/USDT) moves from the bullish trendline downwards
The bearish trend downwards to the next support at 0.001926000 will continue.
Caution: A possible change in the direction of resistance at 0.001983000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. which could be a negative chart scenario. The pair is likely to go down.
Correction of the major bullish trend broke the Fibonacci 0-Level.Continuation of the current descending trend will continue. Current target is 0.001955624 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of support at 0.001983000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002038000 |
| 2nd High | 0.001995000 |
| Next High | 0.001983000 |
| Current Price | 0.001963000 |
| Next Low | 0.001926000 |
| 2nd Low | 0.001918000 |
| 3rd Low | 0.001867000 |
0.001983000 – 0.001964000 – 0.001905000 – 0.001926000 – 0.001918000 – 0.001921000 — 58.272935443636 – 52.680635398368