#BMTOnBinance Buy or Sell here is technical analysis , DYOR before taking any decision.
1. Trend & Momentum
Price Action: +25.22% increase, indicating strong bullish momentum.
Current Price: 0.2458 USDT, close to resistance levels at 0.2465 - 0.2466.
Support Levels: Around 0.2455 - 0.2458, where buy orders are stacked.
➡️ Bullish Bias (Good for Buy/Long)
If price holds above 0.2455, there is room for an upward move.
A breakout above 0.2466 could push higher.
⬇️ Bearish Bias (Good for Sell/Short)
If the price fails to break 0.2466, it may signal a pullback.
Selling pressure increases above 0.2465, where large sell orders are placed.
2. Order Book Analysis
Buy Side (Support): Strong bids at 0.2455 - 0.2459, meaning demand exists.
Sell Side (Resistance): Heavy sell orders at 0.2463 - 0.2466, meaning supply may push prices down.
Market Depth: More resistance than support suggests potential short-term rejection.
3. Funding Rate (-0.1747%)
Negative funding means shorts pay longs, which indicates more traders are shorting the market.
This could mean a potential short squeeze (shorts covering positions, pushing prices higher).
Implication:
If funding remains negative and price moves up, it could trigger a squeeze (bullish).
If funding remains negative and price stalls, it may confirm seller dominance (bearish).
Final Decision: Buy or Sell?
✅ Buy/Long if:
Price breaks 0.2466 (resistance) with strong volume.
Funding rate starts turning positive (signaling more long interest).
Market depth shows buyers absorbing resistance levels.
⛔ Sell/Short if:
Price fails to break 0.2466 and rejects downward.
Order book shows heavy sell walls, causing a reversal.
Funding rate remains negative, indicating continued short pressure.
🔹 Recommended Strategy:
Wait for confirmation above 0.2466 before long
Short if price rejects 0.2466 and drops below 0.2455.
Use stop-loss