Below is the technical analysis and short-term trading strategy for the $BOME (Book of Meme), updated as of 05/17/2025:
📊 Market overview
• Current price: $0.00212561
• 24h volatility: -11.8%
• 24h trading volume: ~$82.8 million
• Market capitalization: ~$146.5 million
• Circulating supply: 68.93 billion $BOME
• Historical peak (ATH): $0.0280 (03/16/2024)
• Historical low: $0.00005848 (03/14/2024)
$BOME is a memecoin on the Solana platform, created by artist Darkfarms to store and trade memes as NFTs. After a strong surge in March, the price of $BOME has significantly corrected, currently down about 92% from its ATH peak.
🧠 Technical analysis
⏱ 4-hour time frame (H4):
• Trend: Price is in a short-term downtrend, trading below the EMA 20 and EMA 50.
• Support: $0.0020 (psychological support level)
• Resistance: $0.0024 (most recent peak)
• RSI Indicator: Currently at 35, indicating the market is approaching oversold territory.
📅 Daily time frame (D1):
• Trend: Price has broken the ascending triangle pattern, confirming a downward trend.
• Support: $0.0020 (psychological support level)
• Resistance: $0.0024 (most recent peak)
• MACD Indicator: The MACD line crosses below the signal line, confirming a sell signal.
🎯 Short-term trading strategy
✅ Short position (priority):
• Entry point: $0.0022 – $0.0023
• Stop Loss (SL): $0.0025
• Take Profit (TP):
• TP1: $0.0020
• TP2: $0.0018
• R:R ratio: 2.5 – 3.0
• Validity period: 2 – 4 days
🔁 Long position (backup if reversal signals appear):
• Entry point: $0.0018 – $0.0020
• Stop Loss (SL): $0.0017
• Take Profit (TP):
• TP1: $0.0022
• TP2: $0.0024
• R:R ratio: 2.0 – 2.5
• Validity period: 3 – 5 days
⚠️ Important note
• Closely monitor Bitcoin (BTC) fluctuations, as significant BTC corrections may affect the trend of $BOME.
• Use reasonable leverage (not exceeding 10x) to manage risks effectively.
• Set price alerts at key resistance and support levels to timely adjust trading strategies.
Note: This article is for informational purposes only and should not be considered investment advice. Please conduct your own research and carefully consider before making trading decisions.
