BTM/USDT
Current Market Status:
Price: $0.1908 (+72.51% surge)
24h High: $0.2230
24h Low: $0.1106
Current Trend: After hitting a high of $0.2230, it has retraced to $0.1908, showing some weakness.
Technical Analysis:
Wm %R(14): -80.50, indicating overbought conditions (potential pullback).
Volume: Still high, but showing signs of decreasing.
Support & Resistance:
Support: $0.1705 - $0.1800
Resistance: $0.2000 - $0.2100
Moving Averages:
MA(5) at 37M+ suggests high momentum but cooling off.
MA(10) at 34M+ signals a potential correction.
Trading Signal:
Bearish (Short) if price breaks below $0.1850 → Target $0.1700 - $0.1600.
Bullish (Long) if price reclaims $0.2000 → Target $0.2150 - $0.2250.
Recommended Strategy:
Short-Term Bearish: Short if price breaks $0.1850, stop-loss $0.1950.
Wait for Rebound: If price stabilizes above $0.2000, go long with a stop-loss at $0.1900.