Market Analysis $BOME :
Judging by BOME's recent trend, the price usually drops after an order match. However, profits have been taken in batches and the main observation at this stage is the position of the minor level pressure line.
Price trend: The BOME price falling under pressure is now the expected result. This correction is likely to be a short-term correction and there is a high possibility that it will continue to rise.
Pressure lines and support lines: According to Xiaohe's technical analysis, the current price has reached an important pressure line position. According to historical trends, every time this pressure line is touched, it will be adjusted again. Therefore, it is expected that the next entry point could be around 0.0135.
Short-term strategy: Because the price is currently at the pressure line, there may be a short-term correction, so it is not recommended to increase at this time. You may wait until the price drops back to around 0.0135 before considering buying. This is a relatively strong support level and the risk of entry is small.
Long-term strategy: If the price can hold and rebound after the pullback, consider gradually adding to the position. The long-term trend remains promising, and one should continue to pay attention to market changes, especially changes in trading volume and market sentiment.
Risk management: A reasonable stop loss should be set near the entry point of 0.0135 to ensure risks caused by sudden market fluctuations.
Position Management: Have good control over your positions Don't give up on heavy positions. Building positions in batches can minimize risk.
Conclusion: BOME will most likely continue to rise after retreating from the pressure line and the next entry point is expected to be around 0.0135. You should observe and prepare at this price level, set a reasonable stop loss level and control positions to deal with market risks.
The market is having cautious advice and investment views.
The above suggestions are for reference only.
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