BOMEUSDT.PBOMEUSDT.P is in bulllish trend.
Bearish divergence also shown in RSI.
Rising wedge reversal pattern also form.
We wait and watch for the breakout of last HL.
BOMEUSDT trade ideas
LONG #BOMEUSDTLONG #BOMEUSDT from $0.0112 stop loss $0.01115
5m TF. The instrument is in play, it is traded at increased volumes, the traded volume per day is more than 900 million, after upward pricing it is in consolidation, as a result of which it formed a triangle, after a false breakdown of the lower boundary we observe an excellent reaction of buyers, large prints for purchase in the glass, with a smooth approach, compression and increased activity in the glass I expect an impulse breakdown with the withdrawal of liquidity, ideally I would like to see a local proto-trading. The first target is 0.011400
BOME breaking out Open interest on BOME was up yesterday across all major exchanges by an average of 48% over $95M. There are no key liquidation levels according to coinglass liquidation heat map.
The Daily has broken out from an inverse head and shoulders pattern as well as breaking out from the lower high trendline on the daily. we can see that the structure has also changed on the daily and we look to have possibly bottomed.
Bullish Momentum with Overbought SignalsThe market sentiment for BOME is currently bullish. Recent technical indicators show strong upward momentum, but caution is warranted due to potential overbought conditions.
Key Factors Influencing BOME Price
1. Technical Indicators:
The histogram value is 0.000229, MACD line is 0.000423, and the signal line is 0.000194, indicating a bullish trend.
%K at 91.79 and %D at 93.90, indicating overbought conditions.
The RSI stands at 76.54, suggesting that BOME is in overbought territory.
2. Price Trends and Resistance Levels:
Potential Market Scenarios
Bullish Scenario:
A decisive break above the local resistance at $0.011635 could lead to further upward movement, targeting the solid resistance at $0.012500.
Bearish Scenario:
If BOME fails to break above the local resistance, it could retest the support levels at $0.008981 and $0.007604. A break below $0.007604 could signal further declines.
When to Buy BOME for Investment
Current Situation:
Given BOME's current price at $0.010603 and the technical indicators suggesting overbought conditions, a cautious approach is warranted.
Optimal Buying Strategy:
Wait for a Pullback: Considering the Stochastic Oscillator and RSI indicating overbought conditions, waiting for a pullback towards the local support level at $0.008981 could offer a better entry point.
Solid Support Level: If the price drops further, the solid support at $0.007604 is a strong level to consider for investment. Historically, BOME has found significant buying interest at this level, making it a safer entry point.
Gradual Accumulation: Alternatively, adopting a dollar-cost averaging (DCA) strategy by buying small amounts at regular intervals can mitigate the risk of market timing and take advantage of potential dips.
Conclusion and Market Outlook
BOME is currently positioned with significant support and resistance levels to watch. The bullish MACD and overall market activity suggest room for growth, but monitoring the key resistance levels and potential overbought conditions is crucial.
BOME 5 Weeks of Bullish CloseHi everyone!
In this idea of BOME from ByBits Perpetual Contract Chart
We will learn that in the past 5 weeks, we have closed bullish!
We have tapped the demand area and that is why I'm looking for BOME to target NEW HIGHS or the safest target is previous high.
If we fail to break 0.18 and get a huge selling pressure
Safest place to continue buying is here 👇
Hope you learned something new!
Share the chart. Give a thumbs up. Follow on X.
BOME UPDATE (6H)It seems we have a large diametric for BOME. We seem to be in wave C now.
The green range is a Flip, which is a support.
We expect to move up to the lower red box. Actually, the target for this move is the lower red box.
Closing a candle above the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
BOME Technical Analysis: Holds Potential for a 300% GainHello everyone, I’m Cryptorphic.
For the past seven years, I’ve been sharing insightful charts and analysis.
Follow me for:
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~ Short-term market movements.
~ Charts supported by critical fundamentals.
Now, let’s dive into this chart analysis:
BOME is in a downtrend and is currently holding a support level between $0.006358 and $0.0070.
With the price at $0.008350, BOME looks bullish and promising. To make a 300% gain, BOME must break above the resistance trendline.
Key levels:
- Support level/Entry: $0.006359 to $0.0072.
- Primary Resistance: $0.0107.
- Invalidation Point: A close below the lower support line.
DYOR, NFA.
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#PEACE
#BOME Reaches a Critical Support Line | Is This the Moment? Yello, Paradisers! Are you ready for what could be a pivotal moment for #BOME? Let's dive into the details and see what's happening!
💎#BOME is currently trading within a descending channel, with the price consistently respecting the channel's boundaries. Right now, #BOMEUSDT is retesting a significant support zone at $0.0070-$0.0077.
💎Historically, this zone has provided a bullish push, and we might be on the brink of another upward movement.
💎#BOOKOFMEME has reached a new all-time low, touching the channel's lower boundary. This scenario significantly increases the chances of a bullish rally towards the upper channel and a potential breakout.
💎If the major support zone ($0.0070-$0.0077) holds, we could see a strong bullish momentum. In case it fails, the next support at $0.0064 might come into play, potentially providing another bullish push for $BOME.
💎However, if the price continues to fall and breaks below $0.0064, we might witness a bearish continuation for the #BOMEUSDT.
Stay disciplined and focused, Paradisers. The next move could be crucial for this particular asset.
MyCryptoParadise
iFeel the success🌴
BOMEUSDT: Breakout long Trade setupLet's take a quick look on BOMEUSDT.
BOMEUSDT broke out of the descending triangle in 4Hr TF as shown in the chart.
The green channel is acting as a support. Breaking below this channel or close inside the triangle will invalidate the setup.
ENTRY: $0.008544
Target 1: $0.09594
Target 2: $0.10899
Target 3: $0.14164
Target 4: $0.15868
SL:- 4Hr close inside the triangle.
Happy Trading!!
#DYOR #BOMEUSDT
BOME/USDT LONG TRADE SETUP!!Hey everyone!
If you enjoy this analysis, a thumbs up and follow would be greatly appreciated!
BOME forming a descending channel pattern here. It has already broken out and is currently, retesting it. Long some here and add more in the dip.
Targets:- $0.0094/$0.0106/$0.0124
SL;- $0.079
Lev:- 3x-5x
What are your thoughts on BOME's current price action? Do you see a potential breakout? Share your analysis in the comments below!
BOME Trade SetupBOME broke above the descending resistance trendline as well as the 100EMA resistance. If it maintains the current price level, we are likely to see a decent rally in BOME in the coming days.
Entry: $0.008166 to CMP.
SL: $0.007634.
Leverage: 5x to 10x.
Targets:
T1- $0.010844
T2- $0.01189
T3- $0.012951
T4- $0.014226
T5- $0.015786
DYOR, NFA.
Thanks
#BOME #cryptocurrency
BOME looks bearishBOME seems to be forming a FLAT pattern.
The flat pattern consists of 3 ABC waves.
It seems that we are now in wave B of this flat. Wave B looks like a triangle, we are now in the last wave of this triangle (wave e).
The targets are clear on the picture.
Closing a daily candle above the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
$BOME | Here is another 10-20x meme coinIf you remember CRYPTOCAP:PEPE , we made 20x profit from it📈
Here is another 10-20x meme coin. Check out ECONOMICS:BOME if you're ready to take a small risk. It can give us multiple x return!
Like Pepe and Shib, it also listed on binance with a billion dollar market cap and we saw a big selling pressure after listing!
After a big dump there will be a few weeks of accumulation. Then we may see the expansion move 📈
Meme token is very high risky so go with small investment!
ECONOMICS:BOME DCA Level : 0.0060 - 0.0040 - 0.0025
Target : 5x 10x 15x 20x
#Dyorrr
IF YOU LIKE THIS POST PLESE DO FOLLOW & BOOST. THANK YOU.
Bome/UsdtECONOMICS:BOME Preparing For Pump🚀Grab some here and hold it.
🎯Targets:9850-1050-1125-
⚠️Risky Trade,DO Spot
Disclaimer:(Do your own research)I am not financial Adviser
BOME BUY SETUPBOME made an uptrend from 0.009300 to 0.010855 and corrected to 0.010050. It should revisit 0.010350 before bouncing back if it is going to continues to fall.
BOMEUSDT is BullishPrice made a double bottom, after which it has managed to print a couple of higher highs. If the fresh higher high is broken successfully, we can expect further upside in price action. Targets are mentioned on the chart.
Bome BuyThe asset is in the buy zone, there is a break in the structure, I expect growth towards imbalance, I indicated the goals on the chart, the growth gap is 50% I’m taking a spot position, like it, I’ll give you more useful ideas!
BOME - Bouncing back from the support lineBINANCE:BOMEUSDT (1D CHART) Technical Analysis Update
BOME is currently trading at $0.104 and showing overall bullish sentiment
Price has bounce backed from the support and assuming if this price holds then we can expect it to reach the next resistance zones.
Entry level: $ 0.010414
Stop Loss Level: $ 0.008003
TakeProfit 1: $ 0.011407
TakeProfit 2: $ 0.012298
TakeProfit 3: $ 0.014267
TakeProfit 4: $ 0.015504
TakeProfit 5: $ 0.019583
Max Leverage: 2x
Position Size: 0.5% of capital
Don't forget to keep stop loss.
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GreenCrypto
Bome LongBOME has a perfect bounce from the support line maintaining from last eum and is showing bullish momentum, currently trading at 0.104. This upward trend indicates a promising entry point at 0.010400.
BOMEUSDT 1DAn ascending broadening wedge pattern has formed on the #BOME daily chart. Keep an eye on it, as it could surge at any time. The targets are:
$0.011630
$0.012961
$0.014292
$0.015938
$0.018443
$0.019400
$BOME ltf demandPrice got rejected from (vwap line)
I will be looking to LONG if we can hold .0107 (poc) to .0103 (1H demand zone)
TARGETS:
.0112
.01148
.01176
Stops below .0100
