BOMEUSDT: Is the Pullback Coming Before a Massive Surge?Yello, Paradisers! Is #BOMEUSDT on the verge of a significant move, or are we about to see a pullback before the next leg up? Let’s break it down.
💎#BOMEUSDT broke free from a descending resistance trendline, after multiple attempts. This breakout wasn’t just technical; the volume and candle close confirmed the bullish shift. Now, we are likely headed for a retest—a pullback to the Fib retracement zone of 0.618-0.66, which lands around the price levels of $0.007622 - $0.007371.
💎This potential retest also aligns with the broader market structure. Before the breakout, BOMEUSDT had been forming lower lows and lower highs, but the pattern has now flipped. A higher high is forming, and the retest could create a higher low (HL) at the retracement zone. Afterward, a Change of Character (CHoCh) would confirm that the uptrend is here to stay.
💎BOMEUSDT will be most probably facing Minor resistance around $0.009008,This level might slow down the price temporarily, as it faces some light resistance. Stronger resistance between $0.010 - $0.0107: This range aligns with the previous highs and will likely be a critical test for BOMEUSDT. Breaking this zone with volume could signal the continuation of the uptrend. Keep a close eye on how BOMEUSDT reacts around these levels to determine the next possible move!
💎However, keep a close eye on the invalidation level. If we see a candle close below $0.00688, the breakout would be considered failed, and the trend could reverse.
Patience is key here, Paradisers. Stick to your strategy, and if the retrace plays out as expected, the next leg up could offer incredible opportunities. But always keep risk management in mind! Discipline and smart decision-making are what will set you apart in this market.
MyCryptoParadise
iFeel the success🌴
