The BOME/USDT is currently trading within a descending channel, showing a long-term bearish trend since April. Recently, the price tested the lower boundary of the channel and has rebounded by 27%, indicating a potential short-term recovery. However, the price remains within the channel. Hopefully, the market will retest its trendline support again, which is at the 0.0054 price range. If you want, you can invest around 0.0054 with a short-term target. There is no need for a stop loss. If the price wicks below the trendline support, consider using DCA.