🔻 $BMT /USDT – Bearish Setup Forming at Local Resistance!
📉 Current Price: $0.0943
$BMT is showing signs of weakness just beneath a local high, with fading momentum and a possible rejection forming – a potential short entry zone is taking shape.
📊 Short Trade Playbook:
🔽 Entry Range: $0.0942 – $0.0955
🎯 Target 1: $0.0920
🎯 Target 2: $0.0905
🎯 Target 3: $0.0880
🛑 Stop Loss: $0.0968
🔍 Technical Zones:
🔒 Resistance:
• $0.0956
• $0.0968 (stop-loss ceiling)
🛡️ Support:
• $0.0920
• $0.0905
• $0.0880 (24H Low)
📉 Market Overview:
Price action is stalling after a slow grind upward. Lower highs, flat momentum, and a failed breakout attempt are classic signs of buyer fatigue. Volume remains weak, adding to the short bias.
💡 Pro Tip:
If BMT continues to reject under $0.0955, quick downside movement is likely. A trailing SL after TP1 can lock in profits efficiently during fast pullbacks.