BMT Preparing for Potential Breakout

$BMT is currently hovering around $0.0693, forming a tight trading range between $0.0679–$0.0715. This range compression is often a precursor to a breakout, with buyers actively defending support and waiting for bullish confirmation.

The next key resistance is at $0.072–$0.073, with targets toward $0.076–$0.078 if momentum accelerates. On the downside, support at $0.0679 is critical; a breakdown may lead to a retest of $0.065–$0.064.

Daily trading volume remains strong at $17M+, providing liquidity for potential breakouts. Technical indicators like RSI (~51) and MACD flattening suggest neutral momentum with room for an upside shift. Candlestick analysis shows long lower shadows, indicating buyers are defending dips.

For traders, $BMT is in a “watch and wait” phase. Confirmation of a breakout above $0.072 with volume would signal a potential short-term rally, while maintaining above $0.0679 ensures the bullish structure stays intact.

☞ #Bubblemaps and $BMT @Bubblemaps.io