Even though BMT is showing a +21.81% gain today and is priced at $0.1195, many people are still reporting losses. Why is that happening?
Most traders bought BMT when it was at a much higher price, maybe around $0.1217 or above. Today’s price, although it looks positive on the chart, is still below the price they bought at. So, even if the coin is "up" today, it’s not enough to cover their losses yet.
Looking at the chart technically:
The 7-day moving average (MA7) is around $0.1193, just slightly below the current price, showing short-term resistance.
The 25-day MA is also at $0.1195, meaning the price is fighting to stay above a strong resistance zone.
The MACD is flat and below zero, indicating weak momentum.
The volume is low compared to the spike earlier, showing no strong new buyer support.
This means BMT is in a small recovery, but it’s still weak overall. People who bought high are still holding losses, and only those who entered near $0.0971 are actually in profit today.
