$BMT / USDT – Recovering After a Strong Surge! 💪

$BMT is currently trading at $0.1217, still showing a significant gain of +29.74% for the day. The 4-hour chart shows a sharp upward spike followed by a retracement. It's now attempting to find support.

Potential Scenario:

Observation: $BMT experienced a massive pump and is now pulling back. The key is to see if it can establish a new support level and resume its upward trajectory.

Possible Trade Considerations (Watch for Support):

Entry: Consider potential entries if BMT finds strong support around the $0.12 level and shows signs of bouncing back up with increasing volume.

Target 1 (if bounce): $0.128

Target 2 (if bounce): $0.135

Final Target (if bounce): $0.140+ (retesting recent high)

Stop Loss: Place a stop-loss below the potential support level, perhaps around $0.115, to manage risk.

Key Observation: Monitor the $0.12 level closely for signs of support holding. If it breaks below, we might see a deeper correction. High volatility is expected after such a large move.

Remember to conduct your own thorough analysis before making any trading decisions. Have a good Monday!

#BMT #PumpAndRetrace #SupportWatch #Infrastructure #Volatility