Discuss BOME’s potential development path after listing on Binance

Author: DC is greater than C Source: X, @DL_W59

Let’s talk about the follow-up of BOME (only personal thoughts). It was listed on Binance in just 3 days, and its circulating market capitalization hit a high of 1.6 billion at the opening and then fell back to around 770 million currently. The daily trading volume of #BOME on Binance is now only half of what it was before. I think there are many experienced friends, especially those who know trading routines. I definitely know that #bome will most likely continue to pull the strings after a cleanup. I just don’t know when or if I can hold it. What is the best position to buy at the bottom?

After all, #shib, #doge, #pepe, #bonk, #floki were all washed up after being listed on Binance and then pulled to the lowest level. 5 times (bonk), 10-20 times higher (pepe, floki). If you look carefully at the monthly charts of these few months, you will find that the washout after the opening and then the pullback are all done when #btc reaches a new high or #btc rises sharply, and the mood is extremely fomo. Start the daily heavy volume increase.

Most of the dealers pull the market when they are in the most fomo mood and when the market has the most hot money. Who is so scared to pull the market?

Of course some people will ask, what about the time before 1.11 that hit 48,700 and the period at the end of October last year? For those two times, The market is rising again, and the mood is good. The meme items mentioned above have also pulled, but not much, just a few dozen points, and less than 200 points at most. Generally, daily trading volume increases and breaks through the previous decline. If it does not continue soon, it will naturally start. Then they all rose to a circulating market value of close to 3-4.5 billion US dollars.

Some people here may ask, wrong, that #wif is not the case. Binance continued to rise at the opening, and it is still rising today. Yes, but before being listed on Binance and before starting a massive increase in volume at the end of February, #wif experienced more than a month of washout. The current market value has exceeded Pepe’s previous peak of US$4.5 billion.

Okay, my friend must say, understand, #bome. Now it is about 770 million, buy it, hold it, how many times more can you buy it? Eat.

First of all, you don’t know if there will be a better bargain price at the moment. Don’t forget, experienced friends should also know. Before the decline stabilizes, it is possible that the daily level will decline, and the trading volume will also be very low. For example, pepe, bonk, etc. before.

And when will the next time BTC rises sharply or breaks through or even reaches a new high to bring about the emotional FOMO?

Fans who read my tweets know that interest rate hikes are currently suspended, and the mood between now and the halving day should be okay. It depends on whether ETFs and funds are strong (today is the weekend, and it is the weekend in the United States time. The price has returned to above 70,300, indicating that the mood is still good). So we will see if it can drive emotions later. Emotions drive funds and continue to rise. Once the halving day has passed, although the May 1 interest rate meeting will not raise interest rates, what happens next? Moreover, historical data shows that prices fell in the two months after the halving. So we’ll see again in April and May to see if ETFs can hold on to their emotions and continue FOMO.

The above only represents personal opinions, conclusions drawn based on transaction volume, sentiment, market, historical experience, market value, etc. Welcome to discuss.