BOME/USDT – 1H – SELLThe combination jumps from the bullish trendline down.
The bearish trend down to the next support level at 0.005929000 is considered certain.
Caution: A possible reversal of the trend in the direction of resistance at 0.006137000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 0.00598942 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.006137000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.006635000 |
| 2nd High | 0.006449000 |
| Next High | 0.006137000 |
| Current Price | 0.006115000 |
| Next Low | 0.005929000 |
| 2nd Low | 0.005790000 |
| 3rd Low | 0.005686000 |