BOME - Highly Speculative Play
"Book of Meme" a new meme coin that went from $0 to a 22B market cap in just 2 days is starting to form a bullish pattern.
After the Binance listing that market the top we have retraced over 60%. We have hit the psychological $0.01 level that could be acting as new support.
We are also near oversold conditions on the lower timeframe and have a bullish divergence on 15 min timeframe. Lower low in price / Higher low on RSI.
We have formed a falling wedge pattern (yellow trendlines that usually break to the upside.
Of course, this is a very risky trade as it is a meme coin, but could have some potential for a nice rebound.
After the Binance listing that market the top we have retraced over 60%. We have hit the psychological $0.01 level that could be acting as new support.
We are also near oversold conditions on the lower timeframe and have a bullish divergence on 15 min timeframe. Lower low in price / Higher low on RSI.
We have formed a falling wedge pattern (yellow trendlines that usually break to the upside.
Of course, this is a very risky trade as it is a meme coin, but could have some potential for a nice rebound.
Penafian
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