🛠️ $BMT /USDT
Sharp dump stalls near support — dead cat bounce or early reversal?
📉 Current Price: $0.1270 (-10.31%)
📊 1H Chart Overview:
BMT plunged from a local top of $0.1467, crashing into support around $0.1221. A minor rebound is forming, but the price remains below all major moving averages — caution is warranted.
📊 Moving Averages:
• MA20: $0.1307 (resistance)
• MA50: $0.1350 (far overhead)
• MA99: $0.1333
All MAs are angled downward — signaling strong bearish pressure unless a clean reclaim occurs.
📉 Market Behavior:
Today’s red candle (-10%) confirms aggressive selling. However, the last few candles show signs of stabilization — possibly profit-taking or bargain buyers stepping in. The volume remains steady but not explosive.
📊 Momentum Snapshot:
• Massive sell-off followed by sideways pause
• Price printing slightly higher lows since $0.1221
• MAs not yet turning up → still in bearish territory
🧱 Key Levels:
• Resistance: $0.1307 → $0.1350 → $0.1448
• Support: $0.1221 → $0.1180
🧭 Recommendations:
✅ Bullish Scenario:
If BMT breaks above $0.1307 (MA20), bulls may target $0.1350 and $0.1448 again — but it must be backed by rising volume.
❌ Bearish Scenario:
Losing $0.1221 could accelerate downside to $0.1180 or even retest psychological support around $0.1100.
🔄 Consolidation Scenario:
If price ranges between $0.1221 and $0.1307 without strength, expect chop — potential base formation before next move.
⚠️ DYOR – This is a high-risk zone. Watch for fakeouts around $0.13 — weak bounces can lure in premature longs.
Do you think BMT can reclaim its trend, or is this bounce just a trap? Comment your view below! 👇📉