Short-term bullish?💥
The BMT/USDT pair, on the 1-hour chart, shows a bullish trend in the short term, with the price above the moving averages EMA(7), EMA(25), and EMA(99). The RSI(6) at 71 indicates overbought conditions, suggesting a possible brief correction. The MACD is neutral but with a slight positive bias. A recent peak in buying volume reinforces bullish interest. The immediate resistance zone is between 0.1300 and 0.1330, while supports are at 0.1272 and 0.1202. The scenario favors the continuation of the uptrend, provided there is a breakout with increasing volume. However, it is essential to exercise caution with short corrections due to the elevated RSI.
DYOR (Do Your Own Research) before trading, considering risks and volatility in the crypto market.
