BOME has been rising continuously. Everyone is bragging about it and asking you to buy it. I want to remind you of the potential risks and the appropriate buying position.

Yesterday, I also called for buying BOME at the current price, and I have already gained 7% profit. Although it is still on an upward trend, it is not wrong to buy it with the trend, but if you have not bought it before, and now want to buy it heavily at a high position, the risk is relatively large.

First of all, BOME's holdings have reached a new high, which is very good for this kind of meme coin. The higher the market sentiment, the easier it is to rise. However, the long-short ratio is too high, which may require some longs to maintain the balance of the market. There is pressure to rise.

In addition, BTC now has a callback demand, and the small level is also in a downward trend. Once the price of BTC falls towards 65,000, it will be a big blow to the altcoin, and it is likely to bring BOME down, which is also what we need to pay attention to.

At present, the price of BOME is also at a high level. If you didn't have time to buy it before, you can wait for the price to callback to below 0.0105 before buying it, which will be relatively cost-effective.

Of course, in the long run, there should be no problem with the rise of BOME, but you should avoid blindly buying in the short term. If a big drop does occur, you will suffer a big loss.