$BMT /USDT Technical Analysis Update
The BMTUSDT perpetual contract has witnessed a 3.88% price movement, reaching a high of 0.0896 and a low of 0.0798 in the past 24 hours.
Key observations:
- Trend & Moving Averages: MA(7) at 0.0854, MA(25) at 0.0864, and MA(99) at 0.0836 indicate short-term stability with potential for trend shifts.
- Volume Spike: Increased liquidity with MA(5) at 1.23M and MA(10) at 2.96M, suggesting heightened market activity.
- Breakout Potential: The interplay between MA(25) and MA(99) could hint at a reversal or continuation pattern. Traders should monitor resistance and confirmation indicators closely.
🔑📉 Trade Setup
Entry Zone : $0.0845 to $0.0855
TP1 : $0.0896
TP1 : $0.0912
TP1 : $0.0945
SL : $0.0836
Risk Management:
- Monitor volume fluctuations and RSI confirmation to assess momentum sustainability.
- Adjust stop-loss based on market volatility to optimize risk-reward ratio.
Go & Trade $BMT
