A VARIETY OF SCENARIOS WERE LISTED FOR $BOME, AND IT PAID OFF!
We were able to secure a 17.68% profit at the depths that it is moving between following our market introduction with BOME. In order to be ready as a precaution, we are now researching additional potential price moves that could occur.
In order to create stronger support zones, BOME has a propensity to continuously test the supports. The retest that took place on August 25 at 0.008395 indicates that buyers are eager to test the recently established resistance levels. applying what we know about resistance level testing. The resistance gets weaker until a breakout happens the more times it is probed. Since the monthly price is still much below the peak of the previous month, this is the time. Since sellers will only look to be little below or even over the previous month's price, we can fairly infer that the average monthly price will be met. As a result, the price of BOME will be able to continue rising due to the persistent bullish feeling.
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.
