💥 $BMT /USDT – Oversold Reversal in Play? 📊🔄
$BMT is currently trading at $0.0869, down nearly -34% on the day, but signs of a bounce are emerging after touching strong support at $0.0843. After the heavy selloff, early green candles are flashing on the chart — signaling that a short-term reversal might be building up!
📊 Trade Setup:
• Entry Zone: $0.0850 – $0.0870
• Target 1 (TP1): $0.0890
• Target 2 (TP2): $0.0935 ✅
• Stop Loss (SL): $0.0830
⚡ Technical View:
Price is oversold on intraday charts with RSI flattening and a slight bullish divergence showing. If $0.0843 holds firm, short-term bulls could take control for a quick recovery bounce.
🎯 Strategy Insight:
This is a bounce trade off major intraday support. Ideal for scalpers or short-term traders looking to ride the relief momentum. Confirm with volume and avoid chasing if price spikes too fast.
🛡 Risk Note:
Keep stop loss tight. If $0.0830 breaks, downside pressure could resume. Quick entries, disciplined exits are key in volatile bounce plays.