Sell BOME/USDT – 1H – SELL

The pair BOOK OF MEME/Tether (BOME/USDT) jumps from the ascending trendline downwards

A descending movement downwards to the next support level at 0.006008000 will continue.

Caution: A possible trend reversal in the direction of resistance at 0.007202000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Bearish Harami’ candlestick chart pattern is existing. The candles form ‘Bearish Harami’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Harami’ heading down is 53% (Bull Market) & 50% (Bear Market).

Support & Resistance Price Range*
3rd High 0.008454000
2nd High 0.008282000
Next High 0.007202000
Current Price 0.006076000
Next Low 0.006008000
2nd Low 0.006003000
3rd Low 0.005971000

Download BOME/USDT Signal Image

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