Trad setup of $BMT /USDT (15-Min Chart on Binance)
Current Stats:
Price: $0.1032
24h Change: +12.79%
24h High/Low: $0.1095 / $0.0842
Volume (BMT): 118.08M
Volume (USDT): 11.33M
📊 Chart Insights:
The price experienced a strong upward move earlier, followed by consolidation.
A sharp wick to $0.1095 signals heavy resistance or possible whale activity.
The recent candle shows a bullish breakout attempt from the range between ~$0.1000–$0.1025.
Consolidation has tightened, and the latest green candle could be the start of a new leg up if volume confirms.
✅ Short Trade Signal (Scalp Setup):
Since you asked for short trade signals, here's the bearish setup (despite the recent green candle):
Bearish Setup Conditions:
Look for a fake breakout (bull trap) above $0.1035–$0.1040 followed by a rejection.
Watch for long upper wicks, indicating failed bullish momentum.
🧨 Short Entry Plan:
Entry (Short): $0.1045–$0.1050 (if candle rejects above)
Stop Loss: $0.1065 (above last spike body)
Take Profit Targets:
TP1: $0.1010 (previous support zone)
TP2: $0.0985 (stronger support near last consolidation base)
TP3: $0.0960 (if momentum picks up)
Risk Management:
Don't short too early—wait for confirmation of rejection and a bearish engulfing or shooting star candle.
If volume and momentum continue bullishly, invalidate the short idea and switch to a long bias.