BOME/USDT – 1H – SELLThe currency pair jumps from the bullish trendline down.
The bearish trend down to the next support at 0.008227000 is expected.
Caution: A possible reversal of the trend in the direction of resistance at 0.008688000 is within the realm of possibility.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.0079 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support zone at 0.008688000 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.011350000 |
| 2nd High | 0.010280000 |
| Next High | 0.008688000 |
| Current Price | 0.008347000 |
| Next Low | 0.008227000 |
| 2nd Low | 0.007900000 |
| 3rd Low | 0.005957000 |