$BOME Long Liquidation: $10.61K at $0.01077

1. What Happened?

A long position worth $10.61K in #BOME was liquidated as the price dropped to $0.01077.

The market turned against the long traders, triggering this liquidation event.

2. Market Analysis

Downward Pressure: The price failed to hold above $0.0108, indicating weak bullish momentum.

Key Resistance: Watch for resistance near $0.011, as sellers could push the price lower from there.

Support Levels: If the price continues to fall, expect support around $0.0105 or $0.0102.

3. What’s Next?

Bearish Trend: There could be more downward movement toward $0.0102 in the coming hours.

Short-term Correction: A potential bounce to $0.0109 could happen before any further declines.

4. Trading Strategy

For Bears: Consider short opportunities if the price stays below $0.011, targeting $0.0105.

For Bulls: Wait for a confirmation of price reversal before taking a long position, as the market sentiment remains weak.

With #BOME seeing a liquidation at $0.01077, expect potential more drops unless a strong reversal happens soon. Stay cautious!

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