BOME/USDT – 1H – SELL

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

A continuation of the bearish trend downwards to the next support at 0.00049 will continue.

Caution: A possible reversal of the trend in the direction of the resistance level at 0.00052 should be noted.
Consider stop-loss settings accordingly.

Next a ‘Bearish Engulfing’ candle pattern is existing. The chart forms ‘Bearish Engulfing’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ going down is 79%.

0.00052 – 0.00054 – 0.00053 – 0.00049 – 0.0005 – 0.0005 —
0.000514000 – 0.000511000 —
49.420158978401 – 45.854894945484 —
– —
0.00052 – 1777338000

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