đ¨ BOME is crashing! Down 21.7% in 24H, currently around $0.000897, as bears hammer the market!
But whatâs really concerning is this: down another 1.3% in 5 minutes and 3.5% in 1 hour, with retail sentiment bearish by 5.6Ă. Meanwhile, 5-minute trading volume is about $1.79 million, but the reported volume multiplier varies, so the data needs verification.
đ What does this mean? Itâs not just a dipâitâs a sell-off on rising volume. You might think, âItâs fallen so much, it has to bounce,â only to catch the last falling knife. Even if you get the direction right, chasing shorts too late could leave you squeezed on a rebound.
đŻ Key levels:
Resistance: $0.00100194
Support: $0.0008073 / $0.0007176
A move back above $0.00100194 would be the first sign that the decline is stabilizing.
My take: short-term bearish, but absolutely donât blindly chase shorts! If the rebound fails to get above $0.00100194, another test of the lows is still possible; a high-volume break below $0.0008073 would raise the risk of a long-side capitulation.
Do you think BOME will next retest $0.0008073 or rebound and reclaim $0.00100194? đ
#BOME #Cryptocurrency
But whatâs really concerning is this: down another 1.3% in 5 minutes and 3.5% in 1 hour, with retail sentiment bearish by 5.6Ă. Meanwhile, 5-minute trading volume is about $1.79 million, but the reported volume multiplier varies, so the data needs verification.
đ What does this mean? Itâs not just a dipâitâs a sell-off on rising volume. You might think, âItâs fallen so much, it has to bounce,â only to catch the last falling knife. Even if you get the direction right, chasing shorts too late could leave you squeezed on a rebound.
đŻ Key levels:
Resistance: $0.00100194
Support: $0.0008073 / $0.0007176
A move back above $0.00100194 would be the first sign that the decline is stabilizing.
My take: short-term bearish, but absolutely donât blindly chase shorts! If the rebound fails to get above $0.00100194, another test of the lows is still possible; a high-volume break below $0.0008073 would raise the risk of a long-side capitulation.
Do you think BOME will next retest $0.0008073 or rebound and reclaim $0.00100194? đ
#BOME #Cryptocurrency