$BMT
USDT Futures Technical Analysis ๐
๐น Current Price: $0.2134
๐น 1H Timeframe Analysis
๐น 200 MA Level: Not visible (Price trading below)
๐น 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.
๐ Key Observations:
โ Price is in a corrective phase after a strong uptrend.
โ RSI is near oversold levels, suggesting selling pressure may be fading.
โ Holding above $0.21 could provide support for a potential rebound.
โ A drop below $0.21 may trigger further declines toward $0.18โ$0.16.
๐ก Trading Strategy:
๐ Bullish Case: If BMT holds above $0.21 and gains momentum, a bounce toward $0.25โ$0.28 is possible.
โ ๏ธ Bearish Case: A breakdown below $0.21 could lead to a deeper correction, targeting $0.18.
๐ Key Levels to Watch:
๐ Resistance: $0.25 | $0.28 | $0.315
๐ Support: $0.21 | $0.18 | $0.16
