$BOME Alert! The current price on the 15-minute chart is 7172, just below the dynamic support level of 7196, life hanging in the balance!🚨
Although the MACD still shows a bullish bias above zero, the inability of the price to stabilize above the trendline is a key weakening signal. After a 3.4% retracement from the high, this level has become a critical point for bulls and bears to battle.
Market definition: Trend stagnation, beware of reversal! Traders must closely monitor the 7180-7200 zone; a breach below this could damage the short-term upward structure and increase risks.
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$BOME Alert! The current price on the 15-minute chart is 7172, just below the dynamic support level of 7196, life hanging in the balance!🚨
Although the MACD still shows a bullish bias above zero, the inability of the price to stabilize above the trendline is a key weakening signal. After a 3.4% retracement from the high, this level has become a critical point for bulls and bears to battle.
Market definition: Trend stagnation, beware of reversal! Traders must closely monitor the 7180-7200 zone; a breach below this could damage the short-term upward structure and increase risks.