The BMT currency is currently experiencing a strong upward wave, having risen by +18.74% to reach 0.1134 USDT, nearing the daily peak of 0.1149.
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🔍 Technical indicators:
🔹 RSI = 90.99 → In an extremely overbought area, indicating strong upward momentum, but it could be followed by a correction at any moment.
🔹 MACD is positive (DIF: 0.0037 / MACD: 0.0017) → Bullish crossover indicates the beginning of an upward trend supported by increasing momentum.
🔹 Trading volume is very high (19.76M), indicating strong liquidity entering the currency during this wave.
🔹 Stochastic K = 79.33 / D = 70.41 → Supports the upward trend but is also approaching overbought areas, which calls for caution against a potential correction.
✅ Buy the currency faster by clicking on the currency name $BMT
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📈 Recommendation:
🔹 Potential buying area: Any retracement towards 0.1050–0.1100 could be a good entry opportunity.
🔹 First target (TP1): 0.125
🔹 Second target (TP2): 0.135
🔹 Stop loss (SL): 0.098
✅ Buy the currency faster by clicking on the currency name $BMT
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🔔 Note: Although the currency is currently in an overbought area, price momentum is very strong and accompanied by increased liquidity, supporting the possibility of continued upward movement. However, it is wise to anticipate a slight correction in the short term for safe entry.
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💬 Summary: The currency $BMT is in a strong bullish position after breaking a previous resistance and confirming with huge buying momentum. Positive expectations continue, but caution is advised against a quick correction that could open excellent entry opportunities.
