BOME — Chart Analysis & Trade Setups 🚀

BOME has been getting a lot of attention lately, so I dove into its chart to find some potential trade setups for you.

Here’s what you need to know:

- BOME has been stuck in a steady downtrend since its listing, as shown by the black line on the chart.

- Last week’s sell-off pushed BOME below its major support level, dropping to 0.005. 📉

- But buyers quickly jumped in at this level, and with a surge in volume, we saw a sharp reversal. 📈

- Despite the bounce, BOME is still trading below the critical support level of ~0.0072. To sustain its bullish momentum, it must break above this level. If not, it could slide back down to 0.005. ⚠️

Trade Setups:

- Look for a break above the 0.0072 level with confirmation on a higher timeframe. If BOME breaks through, it might attempt to exit the downtrend.

- If BOME drops back to the lower support and bounces again, this could be an opportunity to trade, targeting the upper resistance.

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