BOME/USDT – 1H – SELL

The currency pair BOOK OF MEME/Tether (BOME/USDT) goes from the descending trendline downwards

A continuation of the downward movement down to the next support level at 0.009380000 is certain.

Caution: A possible counter-trend in the direction of resistance at 0.010537000 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Bearish Engulfing’ chart pattern is detected. The candles form ‘Bearish Engulfing’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ going down is 79%.

Download BOME/USDT Signal Image

Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Bearish Engulfing