0.002198-0.002671 The key is whether it can break above
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(BOMEUSDT.P 1D chart)
BOME is a BOOK OF MEME, which is a meme coin and belongs to the Solana Ecosystem.
If the price breaks through the 0.002198-0.002671 section upward and maintains, it is expected to rise to around 0.005200-0.007204.
As a condition for this,
- The K of the StochRSI indicator should show an upward trend with K > D below the overbought section.
- The PVT-MACD oscillator indicator should show an upward trend. (If possible, it should be above the 0 point.)
- The OBV indicator of the Low Line ~ High Line channel should show an upward trend. (If possible, it should be above the High Line. It should maintain a state where at least OBV > OBV EMA.)
When the above conditions are met, if the 0.002198-0.002671 section breaks through upward, it is expected to continue the upward trend.
If not and it falls, you should check if it is supported near 0.001921.
This is because I think that the upward trend can continue if it receives support near the 0.001921 point, which is the volume profile section.
Therefore, if it falls below 0.001921, you should stop trading and watch the situation.
You can trade with a SHORT position in futures trading, but since it falls below the volume profile section, you should be aware of the volatility.
Therefore, if you insist on trading, a short and quick response is required.
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(15m chart)
The trading method is simple.
Buy near DOM(-60) ~ HA-Low, and sell near HA-High ~ DOM(60).
However, if it falls from DOM(-60) ~ HA-Low, it is likely to show a stepwise downtrend, and if it rises from HA-High ~ DOM(60), it is likely to show a stepwise uptrend.
Therefore, you should maximize your profits by taking a split transaction format.
Other indicators can be used as points where you can conduct split transactions depending on the situation.
That is, sell about 25% at the support and resistance points drawn on the 1M, 1W, and 1D charts, and sell about 10% at the support and resistance points on the 15m chart to maximize your profits.
While conducting transactions in this manner, you may wonder if you can actually drag the transaction to around 0.005200-0.007204, but it is possible.
It is good to hold to make a big profit, but since the current price range is in the support and resistance range, I think it is an unstable range to just hold.
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Thank you for reading to the end. Wishing you a successful trade.
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