Sell BOME/USDT – 1H – SELL

The combination BOOK OF MEME/Tether (BOME/USDT) jumps from the bearish trendline downwards

A continuation of the downtrend downwards to the next support level at 0.001561000 is expected.

Caution: A possible counter-trend in the direction of the resistance level at 0.001715000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. which could be a negative chart signal. The currency pair is likely to fall.

Then a ‘Three Outside Down’ candlestick chart pattern is found. The candles form ‘Three Outside Down’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

Support & Resistance Price Range*
3rd High 0.002074000
2nd High 0.002063000
Next High 0.001715000
Current Price 0.001538000
Next Low 0.001561000
2nd Low 0.001529000
3rd Low 0.001329000

0.001715000 – 0.001633000 – 0.001665000 – 0.001561000 – 0.001572000 – 0.001577000

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