📜 Binance Market Insight Script: BMT/USDT Price Trap Move

Title:

⚠️ Market Trap Alert: What Happened to BMT/USDT?

Script:

Yesterday, BMT/USDT made a sharp move, hitting a high of 1.1281. It formed a long upper wick on the candlestick — a classic move by market makers to hunt stop losses. This kind of price action is a well-known liquidity grab strategy.

Here’s what happened:

First, they pumped the price aggressively to 1.1281.

Retail traders chasing the breakout entered long positions, while others placed stop-loss orders just above resistance.

As the wick spiked, it triggered those stop-losses and breakout buy orders.

Immediately after, large players dumped their positions, causing the price to reverse, leaving a long upper wick and liquidating small over-leveraged accounts.

Today, the high was only 1.1211 — confirming weakness and a failed attempt to reclaim the previous high. This is a clear signal that market makers might have completed their liquidity hunt, and price could range or correct further.

Key Lessons:

Avoid entering after big spikes with long wicks — it’s often a trap.

Always check for high-volume candles with long wicks at resistance or support levels.

Protect your capital by placing smart stop-losses and avoiding FOMO trades.

📊 Conclusion:

BMT/USDT's long wick was a deliberate move to hunt liquidity. Stay cautious around these manipulative patterns, and wait for clean, confirmed setups before entering.

#CryptoTrading #Binance #BMTUSDT #MarketAnalysis #LiquidityTrap