To whom it may concern,

Is BOME still relevant in the memecoin frenzy?

My take on the chart is bearish for a couple of reasons, which I’ll share with you. First, there’s been a rejection from the 200-Day EMA, followed by what’s happening right now—a false breakout above the 20-Week EMA. If today’s close is below this black line, we’ll see a combination of rejection signals.

The volume also looks unfavorable for the bulls.

This is not financial advice. Stay safe!

Note
Four days of bearish action for intraday degens to enjoy. Now, let’s see what happens with this bullish wave. We’re right back where we were seven days ago.
Technical IndicatorsMoving AveragesTrend Analysis

Also on:

Disclaimer