$BMT Potential Purchase Scenarios 🔥
1. Buying at Strong Support:
Wait for the price to reach the main support area
($0.1184 - $0.1151) and monitor its response.
If strong reversal signals appear (large green candles, increase in buying volume), some may consider it a potential entry point with a stop loss order placed just below this area.
2. Buying After Confirming Reversal:
Wait for the price to break the current downtrend and return to trade steadily above an important resistance level (like $0.1350). This option is safer but may miss the buying opportunity at the bottom.
3. Dollar Cost Averaging (DCA):
If you believe in the project for the long term, you can divide the amount you wish to invest and buy in multiple installments at different prices. This reduces the risk of buying at a temporary price peak.
The final decision is yours, and it depends on your level of belief in the project and your ability to bear risk.
I highly recommend checking the project's official website and their communication channels for the latest information before making any decision.