BOME/USDT – 1H – SELLThe currency pair moves from the ascending trendline downwards
A bearish trend downwards to the next support level at 0.006113000 will persist.
Caution: A possible reversal of the trend in the direction of resistance at 0.006484000 could occur.
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 will persist. Target of the current trend is 0.006122332 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support zone at 0.006484000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.007564000 |
| 2nd High | 0.006693000 |
| Next High | 0.006484000 |
| Current Price | 0.006483000 |
| Next Low | 0.006113000 |
| 2nd Low | 0.005677000 |
| 3rd Low | 0.005591000 |