$BOME D1 Technical Analysis

Currently trading at $0.001958 (+0.46%), attempting recovery after a pullback from month of May's 200% impulse wave. Price sits at a critical decision point.

Price testing fast EMA from below. Reclaiming both EMAs would confirm bullish continuation. During May's surge, price remained above both EMAs, confirming the uptrend.

VAH around $0.002673 represents significant supply that must be absorbed for higher moves.

Price is also flattening on the ninja thread after downward slope, suggesting exhausting selling momentum. Awaiting upward slope for bullish confirmation.

MACD's blue line crossing above yellow line signals potential momentum shift. Histogram transitioning positive but overall reading remains low. Need to watch for increasing values to confirm strength.

Price finding support at 75% Fib fan line. Upper fan lines near $0.002344 and $0.003236 align with key resistance zones.

RESISTANCE:

• $0.002063

• $0.002344

• $0.002673

• $0.003236

SUPPORT:

• $0.001781

• $0.001581

• $0.001382

• $0.000889

BULLISH IDEA:

Reclaim EMAs and break above POC ($0.002063). MACD strengthens with Ninja Thread sloping upward.

BEARISH IDEA:

Failure to reclaim EMAs and hold VAL ($0.001781). MACD crosses back below signal line with continued Ninja Thread downslope.