BOME/USDT – 1H – SELLThe currency pair jumps from the bearish trendline down.
A continuation of the downward movement downwards to the next support at 0.008602000 will continue.
Caution: A possible counter-trend in the direction of the resistance line at 0.010280000 could happen.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Current target is 0.008757518 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support line at 0.010280000 could happen.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.011350000 |
| Next High | 0.010280000 |
| Current Price | 0.009145000 |
| Next Low | 0.008602000 |
| 2nd Low | 0.008497000 |
| 3rd Low | 0.008343000 |