#BOME
Share an alternative way of drawing support and resistance,
Many people will draw the resistance of BOME at 0.0157.
It's near where the pin was inserted 4 hours ago.
If we look at the price of 0.0157, then Bome has failed to break through.
But if you look at the picture, you will find that the 4-hour price is around 0.0148
Distribution and accumulation were carried out, and a high support was reached.
0.0148 is the first support position after the opening.
This position is where the main force tests the supply strength.
It is a price entry point that the main force is interested in.
When the price reaches the bottom for accumulation, return here again,
There will be multiple test supply phenomena. Once the supply is confirmed to be reduced,
It is to start a breakthrough, so now look at the 4-hour line,
In the last 4-hour K, the volume pin just returned to around 0.0148.
And if it stands back, it will be regarded as a successful step back, and it will continue to be bullish in the future.
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