LIVE⚠️BOME/USDT ⚠️
🔥🔥Updates🔥🔥
🔥Critical Levels:
For a bullish scenario, BOME/USDT needs to break and close above $0.0110563.
Currently, it’s struggling at this resistance line, even on the 1-hour chart.
🔥Crucial Support:
The support range lies between $0.0105 and $0.0104. Price has been bouncing off this level.
🔥Entry Strategies:
You have two options:
Immediate Entry: Consider entering right now with a tight stop loss.
Wait for Confirmation: Alternatively, wait for the candle to close above the recent resistance before entering.
The choice depends on your risk tolerance and trading strategy.
🔥4-Hour Chart Pattern:
The 4-hour chart shows a convincing pattern:
It’s the first Ichimoku cloud break after a long retracement.
Consider placing a stop loss below the cloud.
Set the take profit level at the recent high for a potential 6:1 reward-to-risk ratio.
🔥Patience and Planning:
Patience is crucial. Wait until the crucial resistance is officially broken and closed above.
Remember to plan your trades carefully.
🔥Stay Informed:
Keep an eye on price action near $0.011.
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Remember, successful trading requires both analysis and discipline. Best of luck! 🚀📈
