$BMT / USDT ROCKETED… BUT NOW WHAT?
$BMT surged from a low of $0.0790 to tap $0.1274 a monster +61% move! But the 4H chart shows early signs of exhaustion as the price got sharply rejected near the recent high. A lower high could be forming, hinting at a potential cooldown or bull trap in the making.
$BMT Currently hovering at $0.1226, the price is sitting just above short-term support ($0.1190). A breakdown here could invite sellers to drag it lower, while holding above $0.1274 is key to maintaining bullish momentum.
Trade Setup (Bearish Bias)
• Entry (Short): $0.1220 – $0.1235
• TP1: $0.1170
• TP2: $0.1105
• SL: $0.1265
Support: ~$0.1190
Resistance: ~$0.1274
Momentum slowing + big wicks = warning signs! Wait for confirmation before jumping in.