Will BOME bottom out and rebound or continue to fall? Interpretation of key trends
Market analysis
BOME's overall trend is currently weak, and the market is dominated by bears. Although there has been a small rebound in recent days, the trend is still dominated by downward pressure, the buying power is relatively weak, and there has been no strong reversal signal yet.
Support and resistance levels
• Support levels: $0.0060, $0.0054, $0.0050
• Resistance levels: $0.0067, $0.0071, $0.0077
Short-term trading strategies
1. Long strategy
• Opening position: $0.0060
• Adding position: $0.0054
• Stop loss: $0.0048
• Take profit target: $0.0067, $0.0071, $0.0077
2. Short strategy
• Opening position: $0.0067
• Adding position: $0.0071
• Stop loss: $0.0078
• Profit target: $0.0060, $0.0054, $0.0050
My prediction
At present, BOME is in a weak market overall, and the short-term outlook is mainly bearish. It is recommended to adopt a short-order strategy and wait for more attractive support points below.
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