BOME/USDT – 4H – SELLThe combination moves from the bullish trendline downwards
A bearish trend down to the next support level at 0.006242000 is expected.
Caution: A possible reversal of the trend in the direction of resistance at 0.008386000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Current target is 0.006345544 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.008386000 could happen.
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 | 0.006771000 |
| Next Low | 0.006242000 |
| 2nd Low | 0.005817000 |
| 3rd Low | 0.005790000 |