๐ฅ $BMT T/USDT in Freefall: Bottom Fishing or Trap? ๐ฅ
BMT/USDT crashed to $0.089 (-33.43%), with RSI at extreme 3.85 (severely oversold). Such conditions often precede bounces, but caution remains vital.
Key Levels:
Resistance: $0.0947 (first hurdle), $0.1081 (next major)
Support: $0.089 (current), $0.0843 (last defense)
Trade Considerations:
- High-risk buy only if holding $0.089 with volume surge
- Initial target: $0.0947 (6.4% bounce)
- Secondary target: $0.1081 (21.5% recovery)
- Risk: Breakdown below $0.0843 may extend losses
Volume aligns with 5-day average, showing some interest. This is a high-risk, high-reward scenario - only for experienced traders with tight stop-loss below $0.084.