$BOME /USDT Short Trade Alert 🔥💯
BEARISH REVERSAL INCOMING? 📉
Current Price: 0.003980 USDT
Key Levels to Monitor:$XRP
Resistance: 0.004039 USDT$ETH
Support: 0.003879 USDT
The technical analysis suggests a potential downside as the price struggles to hold above the key resistance level of 0.004039 USDT. The formation of bearish engulfing candles points to growing selling pressure, signaling that a downward move could be on the horizon.
Suggested Trade Setup:
Entry Zone (Short): 0.003980–0.003983 USDT
Take-Profit Targets:
Target 1: 0.003950 USDT
Target 2: 0.003900 USDT
Stop Loss: 0.004050 USDT
Market Insights:
The inability to maintain upward momentum at resistance indicates a likely retracement toward the immediate support level of 0.003879 USDT. A confirmed break below this support could accelerate the decline, offering further short-selling opportunities.
Risk Management Guidelines:
Limit your exposure and adopt a cautious position size to safeguard your portfolio.
Employ strict stop-loss measures and avoid risking more than 2% of your total capital on a single trade.
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