$BMT
brief technical analysis and entry recommendation:
Current Condition:
Current price: 0.1169 USDT
Sharp drop: -28.85% in 24 hours
Strong support: 0.1042 (lowest in 24 hours)
EMA 7, 25, 99: All still above the price, meaning the short to medium term trend is still bearish
MACD: Red histogram getting shorter = potential start of slowing selling pressure
Entry Recommendation:
Safe Zone (Strong support):
Buy around 0.1050 - 0.1080 USDT
This is close to support 0.1042. Suitable for those who want to enter with minimal risk and wait for a rebound.
Current Zone (Aggressive):
Buy around 0.1150 - 0.1170 USDT
Suitable for those ready to hold if the price retests support. Wait for a green candle with increased volume as confirmation.
Do Not Enter if:
Price breaks down below 0.1040, as this could trigger a deeper decline.
Additional Advice:
Wait for volume confirmation: If volume increases when the price rebounds, the rebound opportunity is stronger.
Short-term target: Nearest resistance around 0.1327 (EMA 25).