$BMT is currently priced at $0.0833. A short trade aims to profit from a price drop by selling at a higher level and buying back lower. In spot markets, shorting typically requires margin trading, but the principle remains the same identify potential reversal points and enter as price weakens.
Resistance is the level where selling pressure could push price down for $BMT, this is around $0.0860.
Support is where buying interest might slow the decline here, near $0.0800.
A stop-loss should be placed above resistance to limit risk, such as around $0.0870.
For a short setup, watch for bearish signals like rejection at resistance, declining volume, or overbought RSI readings. Entering near resistance improves reward-to-risk, while exiting near support helps lock in gains. Always size positions carefully, as short trades can move against you quickly in volatile markets like crypto.
