#BOME🔥🔥🔥
Buying point:
Initial buying range: When the price is close to 0.006300 - 0.006400 USDT, you can consider buying for the first time. This area is close to the middle Bollinger Bands track, and the recent low of 0.005331 USDT may form support, indicating a potential rebound opportunity.
Breaking through the buying point: If the price breaks through 0.006700 USDT and the trading volume increases, this is a potential rebound signal and you can consider adding a position. After breaking this resistance level, the market is likely to push higher.
Take profit point:
The first take-profit target: When the price rebounds to 0.006800 - 0.007000 USDT, which is the pressure level of the upper Bollinger Band and EMA (25), partial take-profit can be considered.
Second take-profit target: If the price breaks through 0.007200 USDT, it is recommended to further take profit. This area is a strong resistance level, and the price may rise further after breaking through.
Stop loss point:
Stop loss setting: If the price falls below 0.006300 USDT and the trading volume increases, the loss should be stopped immediately because there is no obvious support below this area and the price may drop further.
Technical indicator support:
EMA(7) and EMA(25): The short-term moving averages EMA(7) and EMA(25) show an upward trend, indicating that the market has strong rebound momentum in the short term. EMA(99) shows that the long-term market trend is not yet clear and remains to be seen.
Bollinger Bands: The current price is close to the upper limit of the Bollinger Bands, indicating that the market has upward momentum, but volatility is increasing. Caution should be exercised to prevent the risk of a short-term correction.
