BOME/USDT – 1H – SELLThe currency pair jumps from the bullish trendline down.
A bearish descent downwards to the next support at 0.005790000 will continue.
Caution: A possible change in the direction of resistance at 0.006334000 is within the realm of possibility.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Target of the current trend is 0.00579 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support level at 0.006334000 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.006635000 |
| 2nd High | 0.006449000 |
| Next High | 0.006334000 |
| Current Price | 0.005865000 |
| Next Low | 0.005790000 |
| 2nd Low | 0.005686000 |
| 3rd Low | 0.005591000 |