BOME/USDT – 4H – SELLThe combination moves from the bullish trendline downwards
A descent downwards to the next support at 0.006242000 is expected.
Caution: A possible counter-trend in the direction of the resistance level at 0.008386000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.007088 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of support at 0.008386000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.008498000 |
| Next High | 0.008386000 |
| Current Price | 0.007542000 |
| Next Low | 0.006242000 |
| 2nd Low | 0.005817000 |
| 3rd Low | 0.005790000 |