Why are you brothers following this cruel beast, noa and scr are like 2 shit coins
Khanh_Nguyen
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Bearish
$BOME
Currently, the price of **Book of Meme (BOME)** is trading at **$0.0075801**, down **7.20%** compared to the previous session.
### **Technical Analysis**
1. **Price Chart and Trend:** - The price of BOME has decreased from a daily high of **$0.00824384** to a low of **$0.00738691**, indicating increasing selling pressure.
2. **Technical Indicators:** - **RSI (Relative Strength Index):** Currently, the RSI is at a neutral level, indicating no signs of overbought or oversold conditions. - **MACD (Moving Average Convergence Divergence):** The MACD has recently crossed below the signal line, signaling a potential continuation of the downtrend in the short term.
3. **Support and Resistance Levels:** - **Support:** The nearest support level is around **$0.0070**, if broken, it could lead to further declines. - **Resistance:** The significant resistance level is at **$0.0085**, if surpassed, it could open up a new upward trend.
*Trading Suggestions*
- **Buying Strategy:** - Consider buying when the price approaches or bounces from the support level of **$0.0070**, with the expectation of a recovery to the resistance level of **$0.0085**. - Set a stop-loss order below the level of **$0.0068** to minimize risk.
- **Selling Strategy:** - Consider selling if the price fails to hold the support level of **$0.0070**, forecasting a continued downtrend. - Set a profit target at **$0.0085** if purchased at the support level.
Note
- The cryptocurrency market is highly volatile; it is advisable to monitor closely and adjust strategies timely. - Use risk management tools and do not invest money that you cannot afford to lose.
*Note: The analysis above is for reference only and does not guarantee certain investment results.* #bome🚀🚀🚀🚀 $BTC
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