๐ BOME/USDT Analysis: Key Insights
1. Support and Resistance Levels:
- Support: The current support level is around $0.006658, where buyers have stepped in previously.
- Resistance: The immediate resistance lies near $0.007238, which has acted as a barrier recently.
2. Attractive Pattern:
- BOME is forming a bullish divergence on the 1-hour chart.
- This pattern suggests a potential trend reversal, with higher lows despite price decline.
3. Entry Strategy:
- Buy Entry: Consider entering long positions if BOME breaks above $0.007238 with strong volume.
- Stop Loss: Set a stop loss just below the support level at $0.006658.
- Target: Aim for the next resistance around $0.008000.
4. Current and Previous Values:
Current Price: $0.007021
Previous High: $0.007235
Previous Low: $0.006658
Remember to do your own research and risk management. Happy trading! ๐
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