$BMT /USDT BEARISH REVERSAL AFTER STRONG UPTREND – PROFIT-TAKING PRESSURE IN PLAY
After reaching a local high at $0.1168, $BMT /USDT shows a sharp rejection and selloff, forming a strong bearish candle on the 15-minute chart. The price has dropped back to $0.1088, indicating a short-term reversal as buyers take profit. Immediate support lies around $0.1060, while resistance sits at the previous high zone.
Trade Setup:
Entry (Short): $0.1095 – $0.1105
Target (TP): $0.1045
Stop Loss (SL): $0.1125
Market Outlook:
Momentum appears to be weakening after a strong rally. If bulls fail to reclaim $0.1110 quickly, price may revisit lower support levels. Traders should watch volume closely to confirm any continuation.
Risk Management:
Keep tight SLs above the rejection wick and adjust position size based on volatility.
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