BOME/USDT – 1H – SELLThe pair BOOK OF MEME/Tether (BOME/USDT) moves from the bearish trendline down.
A continuation of the bearish trend down to the next support line at 0.00075 is expected.
Caution: A possible trend reversal in the direction of the resistance level at 0.00082 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The pair is likely to go down.
Additionally a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. which is often a bearish chart scenario. The currency pair could go down.
Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.0007714 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support level at 0.00082 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00092 |
| 2nd High | 0.00085 |
| Next High | 0.00082 |
| Current Price | 0.000786000 |
| Next Low | 0.00075 |
| 2nd Low | 0.00037 |
| 3rd Low |
0.00082 – 0.00081 – 0.00082 – 0.00075 – 0.00076 – 0.0008 — 46.7317663171 – 43.796578743536 — 21.299618429296 – 12.449456119369 – 25.461776486892 – 21.299618429296