$BMT
T / USDT rocketed... but now what?
BMT $ rose from its low of $0.0790 to benefit from $0.1274 for the beast +61% move! But the 4H chart shows early signs of exhaustion as the price was sharply rejected near its recent high. A lower high could form, indicating a potential cool-off or a bull trap in the making.
BMT is currently hovering around $0.1226, and the price sits above short-term support ($0.1190). A collapse here could invite sellers to pull it lower, while holding above $0.1274 is key to maintaining bullish momentum.
Trade Setup (Bearish Bias)
• Entry (Short): $0.1220 - $0.1235
• TP1: $0.1170
• TP2: $0.1105
• SL: $0.1265
Support: ~ $0.1190
Resistance: ~ $0.1274
Momentum slowing + large wicks = warning signs! Wait for confirmation before jumping in.