🐸BOME/USDT🐸
✔️ $BOME , which many of us met thanks to its listing on Binance and many other exchanges in March, is still one of the most popular and highest trading volume coins on Binance, even days after its listing, with the hype brought by the community and the #memecoin market in general.
✔️ When we examine the BOME chart over a 2-hour period, we see that the price generally moves up and down within a range between $0.012 - $0.016 after Binance listing. Although I think BOME has not found a proper price range yet, for now I think the price has made the $0.012 - $0.013 region the main support and the price will not fall below these levels unless there is a decline in the crypto markets in general. However, I am not completely sure about this idea because when we examine BOME's weekly and monthly liquidation heat maps, we see that long orders put incredible pressure on the price. The chart I shared contains BOME's monthly liquidation heat map, you can see it for yourself here.
✔️ As a result, I think it is still very risky to invest in BOME, despite its triangular structure that can undertake a bullish task. I believe that especially the 4-hour chart needs to mature a little more so that we can determine the areas of the price that can act as support and resistance. However, when the price reaches the levels that have served as support so far, spot purchases with small amounts can be considered. If there is a periodic Memecoin hype, BOME will also make satisfactory increases thanks to this hype.
❗️ What I write here is my own opinion and is not investment advice. #dyor
✔️ $BOME , which many of us met thanks to its listing on Binance and many other exchanges in March, is still one of the most popular and highest trading volume coins on Binance, even days after its listing, with the hype brought by the community and the #memecoin market in general.
✔️ When we examine the BOME chart over a 2-hour period, we see that the price generally moves up and down within a range between $0.012 - $0.016 after Binance listing. Although I think BOME has not found a proper price range yet, for now I think the price has made the $0.012 - $0.013 region the main support and the price will not fall below these levels unless there is a decline in the crypto markets in general. However, I am not completely sure about this idea because when we examine BOME's weekly and monthly liquidation heat maps, we see that long orders put incredible pressure on the price. The chart I shared contains BOME's monthly liquidation heat map, you can see it for yourself here.
✔️ As a result, I think it is still very risky to invest in BOME, despite its triangular structure that can undertake a bullish task. I believe that especially the 4-hour chart needs to mature a little more so that we can determine the areas of the price that can act as support and resistance. However, when the price reaches the levels that have served as support so far, spot purchases with small amounts can be considered. If there is a periodic Memecoin hype, BOME will also make satisfactory increases thanks to this hype.
❗️ What I write here is my own opinion and is not investment advice. #dyor