#BOME is maintaining support along the lower trendline in the 4-hour timeframe, suggesting potential bullish momentum. Keep an eye on price action for further confirmation. 👀📈 #BOMEUpdate #CryptoTrading
** Sorry for last chart. Re-posting the clear vision
right now BOME/USDT has become a popular coin that SOL-based meme coins. In a one-hour time frame formed a bullish channel. As long as the price is in the channel then it's bullish.
entry at the support line of the channel and exit at the resistance of the channel.
NOTE: not financial advice only testing my skills, I am not professional.
So i am doing some private research on Meme tokens to ascertain their impact on a bullish/bearish market in comparison to utility tokens looking at factors like trader's psychology, institutional interest/adoption, regulations/country restrictions to trading crypto assets
I needed a newly launched and well popularised meme token ..then BOME came along.
Studying...
The volume analysis shows that the BOME cryptocurrency has received $5.19 Billion in volume, on March 17th 2024. The price vs Volume charts describe a hefty surge in volume on 17th, along with the price rise. But, the price failed to climb higher and price started to plunge along with the volume.
The current volume of BOME is 1.7 Billion, and the price is at...
