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!