BOME/USDT – 1H – SELLThe currency pair goes from the ascending trendline down.
A bearish movement down to the next support level at 0.007325000 is certain.
Caution: A possible counter-trend in the direction of the resistance level at 0.008015000 is also possible.
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 certain. Current target is 0.006877666 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support line at 0.008015000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.008302000 |
| 2nd High | 0.008059000 |
| Next High | 0.008015000 |
| Current Price | 0.007422000 |
| Next Low | 0.007325000 |
| 2nd Low | 0.006714000 |
| 3rd Low | 0.006467000 |