🔎 $BMT /USDT 4H Technical Outlook – Bounce or Breakdown?
BMT has been in a consistent downtrend since mid-July. Price is currently sitting around $0.0755, trying to form a short-term base. However, bearish momentum still dominates unless key resistances are reclaimed.
🎯 Target Levels:
Target 1: $0.0785
Minor resistance level aligned with the 25-period moving average and recent rejection zone.
Target 2: $0.0820
Stronger supply zone and previously established support turned resistance.
Target 3: $0.0865
Converges with the 99-period moving average. A break above this would indicate trend reversal potential.
🛡️ Support Levels:
First Support: $0.0735
Local bottom and short-term defense zone.
Second Support: $0.0700
Critical psychological level. A breakdown here could trigger a deeper selloff.
📊 Indicator Summary:
MA 7 < MA 25 < MA 99 – Classic bearish setup.
Price is trying to reclaim short-term moving averages, but overall trend remains down.
🧠 Bias: Neutral-to-Bearish
Only flip to bullish if the price closes above $0.0820 with strong volume. Until then, any bounce should be considered a relief rally within the broader downtrend.
