📉 BMTUSDT Futures Technical Analysis 📈
🔹 Current Price: $0.2134
🔹 1H Timeframe Analysis
🔹 200 MA Level: Not visible (Price trading below)
🔹 RSI (14): 43.27 (Near Oversold)
BMTUSDT saw a sharp rally but is now experiencing a pullback after hitting highs around $0.3159. The price is consolidating and showing signs of weakness, with RSI approaching the oversold region, hinting at a possible bounce.
📊 Key Observations:
✅ Price is in a corrective phase after a strong uptrend.
✅ RSI is near oversold levels, suggesting selling pressure may be fading.
✅ Holding above $0.21 could provide support for a potential rebound.
✅ A drop below $0.21 may trigger further declines toward $0.18–$0.16.
💡 Trading Strategy:
🚀 Bullish Case: If BMT holds above $0.21 and gains momentum, a bounce toward $0.25–$0.28 is possible.
⚠️ Bearish Case: A breakdown below $0.21 could lead to a deeper correction, targeting $0.18.
📍 Key Levels to Watch:
📌 Resistance: $0.25 | $0.28 | $0.315
📌 Support: $0.21 | $0.18 | $0.16
#BMTUSDT #CryptoTrading #TechnicalAnalysis #Altcoins 🚀