Large BOME Long Liquidation Signals High Volatility
I note a large long was liquidated on BOME: $44,300 closed at $0.001813. That size and price point point to heavy leverage and thin liquidity.
I would be cautious about buying into this move. This looks like a liquidity event that can produce more volatility and downside before any clean recovery.
Analysis
Recommendation
Avoid initiating new long positions and wait for confirmed support and reduced volatility; if already exposed, consider reducing risk or selling on strength rather than adding.
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.