📉 $BMT Critical Crossroad — Is a Reaction Rally Coming, or Will the Decline Deepen? 🔍🧭
$BMT @Bubblemaps.io #Bubblemaps
Since mid-July, $BMT has been unable to break out of the declining trend and is currently trying to establish a bottom around $0.0755. However, the technical outlook is still weak, and there are significant resistances to overcome before the bulls regain control.
📊 4-Hour Technical Outlook:
Trend: Still downward trending
Short-Term Moving Averages:
MA 7 < MA 25 < MA 99 ➤ Classic bear scenario
The price is testing short-term averages but there is still no strong breakout.
🎯 Target Levels (Resistance Areas):
1️⃣ $0.0785 → Overlaps with MA 25. Also, the last rejection area. The first serious test is here.
2️⃣ $0.0820 → It was previous support, now resistance. We cannot talk about a clear reversal without breaking above this area.
3️⃣ $0.0865 → Overlaps with MA 99. A breakout from here could create the possibility of a trend reversal.
🛡️ Support Areas:
$0.0735 → Short-term bottom. The first line of defense for the bulls.
$0.0700 → Psychological boundary. If this level is breached, sales may accelerate.
📉 General Technical Commentary: The price is currently in the "indecisive zone." There is no clear upward signal yet. Although small bounces are expected in the short term, strong volume accompanied by closes above $0.0820 is a must for breaking the overall trend.
🔎 Investor Note:
$0.0820 increases coming without breaking should be evaluated as a "relief rally."
If the price drops below $0.0700, selling pressure may increase significantly.
In short-term trades, it is important to pay attention to support-resistance reversals!
💬 Do you think this is just a reaction, or are the lows behind us now?
Share your opinion in the comments! 👇
