The potential outcomes of $BOME have already surfaced in a market that is unsure.
We divided the scenarios into three categories based on how probable they were to occur: least likely to occur, most likely to occur, and one where we let the market make the final decision. Since the market is about to move down in search of a new set of supports to rebound into, the first scenario—in which BOME will build an impulsive wick during this time—is unlikely to occur. Regarding the second scenario, it is possible that BOME would move lower in order to build more supports for its reversal. In this case, there are both requests above and below 0.005662, and there is a lot of anticipation. Regarding the third possibility, it will occur when the market chooses to move in an unexpected way. The market will be greatly impacted if it starts to produce range movements close to the support key level and then shocks us with a huge impulsive wave. As a result, we are using BOME to get ready for any market situation.
Although $RLC is now maintaining the crucial level of 1.482, there are clear indications that it is weakening there. in the case that there is no essential level. To maintain its initial markup, RLC needs to identify better support critical levels. Since this is no longer regarded as a healthy adjustment, maintaining this essential level is the most difficult. It is more likely to have more recent supports on top of crucial level 1.005 the more it attempts to breach this level.
These posts are for educational purposes. To guide the people who might still be struggling within the crypto market, those who are new to the environment and volatility and everyone else who needs it.
Stay wise, trade cautiously.
