$BOME
Entry Point: The ideal entry point would be $0.001841 or slightly above, after the breakout is confirmed. Since the current price in the chart is $0.001851, the breakout has already occurred. You could consider entering at the current price, but be aware of potential volatility.
Profit Targets (TP) 🎯
The provided upside targets are based on the bullish momentum. You can use these to plan your exit strategy.
TP1: $0.001870 (First target)
TP2: $0.001910 (Second target)
TP3: $0.001950 (Third and final target)
It's a good practice to take partial profits at each target to secure gains and reduce risk. For example, you could sell 50% of your position at TP1, 30% at TP2, and the remaining 20% at TP3.
Stop Loss (SL) 🛑
A stop loss is crucial to protect your capital in case the price reverses. The analysis points to $0.001841 as a key level. A logical stop loss would be set below this level to invalidate the bullish breakout.
Stop Loss: A sensible stop loss would be placed just below the key breakout level of $0.001841. A value like $0.001835 would be a suitable stop loss. This ensures that if the price falls back below the breakout point, you'll be exited from the trade with a minimal loss, preserving your capital.