BMT/USDT – Bullish Cup & Handle Breakout Setup on 4H Chart ☕🚀
BMT/USDT has formed a classic Cup & Handle pattern on the 4H timeframe and is gearing up for a breakout above the neckline zone (0.1454). The price is currently hovering around 0.1321 with increasing volume, suggesting bullish momentum is building. Fibonacci extensions project key upside targets post-breakout.
Pattern: Cup & Handle
Breakout (BO) Point: 0.1454
Fibonacci Targets:
🎯 TP1 (50%): 0.1582 – 0.1662
🎯 TP2 (Full): 0.1882 – 0.2126
Volume: Gradually rising – bullish confirmation
confirmation
📈 Trade Setup:
Buy Entry: On breakout above 0.1454 (with retest confirmation if conservative)
Stop-Loss: Below 0.1300 (recent lows and handle support)
TP1: 0.1582
TP2: 0.1882+
Risk-Reward Ratio: ~1:2.5