$BMT : Bounce Back or Bull Trap?
$BMT just made a sharp +7.31% move, peaking at $0.1019 before cooling off slightly to $0.0969. After grinding down to a 24h low of $0.0865, bulls snapped back hard with two aggressive green candles. Now the big question: continuation or correction?
Chart Breakdown:
Price broke out fast from a consolidation range, hitting resistance at $0.1019 before pulling back.
Despite the red candle, buyers still control ~67% of the order book—bulls aren’t backing down yet.
Volume spike + strong recovery candle = potential early reversal from the downtrend.
Key Levels to Watch:
Support: $0.092–$0.095 range. If it holds, bulls may try to retest $0.1019.
Resistance: Break above $0.1027 could open room toward $0.11 and beyond.
Sentiment Check:
Momentum looks promising short term.
But keep eyes on that retrace—this could either be a healthy dip or the start of another leg down.
Final Word:
This is where scalpers thrive and swing traders wait for confirmation. Don’t chase green—wait for setups. Always trade the chart, not the hype.
Disclaimer: Always DYOR. Use stop-losses. Manage your risk. And don’t YOLO your rent money.