BOME/USDT – 1H – SELLThe currency pair BOOK OF MEME/Tether (BOME/USDT) jumps from the descending trendline down.
A continuation of the bearish trend downwards to the next support at 0.008311000 is expected.
Caution: A possible change in the direction of the resistance level at 0.009764000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.008724 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support zone at 0.009764000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.010105000 |
| 2nd High | 0.010079000 |
| Next High | 0.009764000 |
| Current Price | 0.008429000 |
| Next Low | 0.008311000 |
| 2nd Low | 0.006731000 |
| 3rd Low | 0.005957000 |