$BOME Liquidation Alert: $111K long position liquidated at $0.007379!
Market Breakdown for $BOME
Liquidation Details: A $111K long position was wiped out at $0.007379, signaling sharp sell pressure and heightened volatility on $BOME .
Current Price Action: Liquidation opens up opportunities for a potential recovery or further downward movement—crucial levels to watch.
Trading Plan for $BOME
Entry Point: Target entry near $0.007300, a likely support zone following the liquidation event.
Target Levels:
First Target: $0.007500 (short-term resistance).
Second Target: $0.007700 (key technical and psychological level).
Stop Loss:
Set your stop at $0.007200 to limit downside risk in case bearish momentum persists.
Actionable Insights
Volume Watch:
Confirm buying strength near $0.007300 before entering to ensure demand is returning.
Risk Management:
Volatility on BOME is high; trade with tight stops to protect capital.
Downside Warning:
A break below $0.007200 could trigger further selling pressure toward $0.007000.
This $111K liquidation creates a pivotal moment for tactical trading within the $0.007200–$0.007700 range!