BOME Technical Analysis in a Daily Timeframe

30 Ağu

BOME is in a bearish trend and will likely reach its all-time low range. There are two crucial supports: the all-time low at $0.0052 and the descending support trendline.

BOME needs to hold these two support levels and rebound to initiate a bullish move. Failure to hold the ATL will result in a new all-time low, and it will be uncertain how far BOME will drop.

On the bullish side, if BOME holds the support level and rebounds, it will need to close above the resistance trendline to continue the bullish rally.

Key levels:

- Crucial Support/Accumulation: $0.00520.
- Primary Resistance: $0.0088.
- Confirmation: A rebound from the all-time low.
- Invalidation: A candle close below the support level.

DYOR, NFA.

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Thank you.

#Crypto #BOME