🔻 Why Did $BMT Dump So Hard? Smart Breakdown
Major Support Broken
BMT broke its long term trendline and 50 day moving average, strong support since mid June.
Once that zone failed, price dropped over 33%.
Capitulation Candle
On the 4 hour chart, a big red candle formed with almost no lower wick, showing intense sell pressure and weak buyer response.
This is often a sign of capitulation, where traders panic sell and exits accelerate.
Next Support?
Nearest support is around $0.0721. If the price doesn’t hold there, further drop is likely.
Low Liquidity + Liquidations
BMT is a mid cap altcoin with limited liquidity. Once key levels broke, leveraged positions got liquidated, making the fall even deeper.
💡 Message for New Traders
Stop loss is your friend. Greed is your enemy. Avoid FOMO. Learn first then trade smart.
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