Bubblemaps (BMT) / USDT Short Trade Setup

* Follow me If You want future T.A

⸻

1. Coin Name:

• $BMT / USDT

⸻

2. 24-Hour Change:

• +79.90%

• Current Price: $0.269665

• 24h High: $0.318699

• 24h Low: $0.137988

⸻

3. Targets for Short Trade:

• TP1: $0.25 – Minor support level observed in recent price action.

• TP2: $0.22 – Previous consolidation zone indicating support.

• TP3: $0.20 – Psychological support level and historical price point.

⸻

4. Entry Time:

• Short Entry: Around $0.269665, especially if the price struggles to break above the 7-day moving average (MA(7)) at $0.275.

⸻

5. Stop Loss:

• Stop Loss: Place stop loss above $0.32, just above the recent 24h high, to safeguard against potential upward movements.

⸻

6. Take Profit:

• Take Profit (TP1): $0.25 – Initial support zone.

• Take Profit (TP2): $0.22 – Notable support level from past price action.

• Take Profit (TP3): $0.20 – Significant psychological support level.

⸻

7. Maximum Loss:

• Maximum Loss: Potential loss if the price moves against the short position, considering the stop-loss set at $0.32.

⸻

Summary:

• Short Entry: Around $0.269665, particularly if the price faces resistance near the MA(7) at $0.275 and exhibits bearish tendencies.

• Stop Loss: Set at $0.32 to limit potential losses in case of upward price movements.

Note: This analysis is based on current market data and technical indicators. Market conditions can change rapidly, so it’s essential to conduct thorough research and consider risk management strategies before making any trading decisions.

⸻

#BinanceSuccess #CryptoTradingSuccess #PassiveIncomeIdeas #FuturesTrading #BinanceEarn