BOME LONG
Atualizado
Versus a basket of memecoins I was monitoring during the April Fool's dump, this was the only one that was positive for a period while everything else was in the red. On the rebound this also outperformed many other memes other than perhaps WIF.
Other than that not much reasoning behind this, I like Darkfarm's vibe
Entry. I've been accumulating at 0.012-0.017 levels.
Watching for a break of the trend line for another possible entry.
Hodl or the money management system below
stop loss: none or % you are willing to lose
position size : Money you can afford to lose
Target 1 or 2, take out initial investment reducing risk to 0.
Target 2, take some profits if you need to.
Target 3 and fibs above. Use whatever exit strategy you like.
Other than that not much reasoning behind this, I like Darkfarm's vibe
Entry. I've been accumulating at 0.012-0.017 levels.
Watching for a break of the trend line for another possible entry.
Hodl or the money management system below
stop loss: none or % you are willing to lose
position size : Money you can afford to lose
Target 1 or 2, take out initial investment reducing risk to 0.
Target 2, take some profits if you need to.
Target 3 and fibs above. Use whatever exit strategy you like.
Nota
LOWER TIME FRAMELevels of interest, Watching how prices react here for quicker scalps and DCA onto the swing position
Nota
support at 0.015000 lost,
looking to see if price retests 0.013712 next if there is no bounce from 89ma
Nota
We're at ~0.013700 now and there's some support here.
Added to position here, however this is still a downtrend.
Marked off next likely level down, and resistance levels.
Nota
Double bottom formed on the one hour, on a higher time frame we've made a higher low on market structure. Still not out of 89ma downtrend, here's levels of interest to look for pullbacks and scalping targets.
Nota
Higher time frame perspectiveadding more here based on the large wick on the bearish candle,
coincides with the 0.382 fib level @ 0.013694
I'm looking for prices to breakout at 0.014715 and cross over the 89 MA for confirmation of a trend change since it looks like bears are failing to push it lower than the last low.
Nota
The price level I was looking at for a breakout got rejected twice (double top).
3 supports were lost in the last day.
Nasdaq dropped 180 points this morning, along with BTC.
NVDA looks like it's rolling over on a higher timeframe into a bearish trend.
I'll be keeping an eye on that since it'll drag everything else down.
Sitting on the sidelines with current position underwater.
Next major supports if it doesn't hold here
0.012000, 0.010843, 0.008737
Nota
watching to see if this reversal pattern plays out Nota
That reversal pattern failed. Broader economic news has been terrible all week,
looking at 0.009573 next
Nota
big dump from the news this weekend.Bounce from the 0.236 fib level @ 0.007573
price approaching retest of 0.382 fib @ 0.009719
last time buying at this level would have got you a ~100% gain
on the daily
(just keep an eye on further developments on the geopolitical front)
Nota
Bitcoin down, Bome up? First time in a while on the hourly we have 3 things going on:
a breakout:
above the 89MA,
above the 0.236 fib level
of a downward trendline that started on Monday 08
There is a lot of indecision here right now with the doji .
Too early to call a trend change as the price on the 4h timeframe is still in a downtrend, just an important area to keep a watch of.
Nota
revised fib levels, looking for breaks / failures at these trendlines
Nota
rejected at the 2nd trend line around ~0.012 levels
I'm expecting a bit of consolidation or even a further decline before it really breaks out.
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