BOME/USDT – 4H – SELLThe currency pair BOOK OF MEME/Tether (BOME/USDT) goes from the bullish trendline downwards
A bearish movement downwards to the next support at 0.008910000 is considered certain.
Caution: A possible counter-trend in the direction of the resistance zone at 0.011167000 should be noted.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 0.007985896 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support level at 0.011167000 should be noted.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.012595000 |
| 2nd High | 0.011250000 |
| Next High | 0.011167000 |
| Current Price | 0.009418000 |
| Next Low | 0.008910000 |
| 2nd Low | 0.006731000 |
| 3rd Low | 0.005957000 |