💯 $BMT /USDT – Bearish Pressure Easing, Relief Bounce In Progress? 🔄📊
$BMT is trading at $0.1251 (-1.81%), attempting a short-term bounce after hitting a low of $0.1219. With Bollinger Bands narrowing and support holding, a potential micro-reversal is in sight.
📊 Bollinger Bands (1H):
• Upper Band: $0.1285
• Middle Band: $0.1254
• Lower Band: $0.1223
🔍 Chart Insights:
• Price rebounding off the lower BOLL band
• Downtrend still intact, but bounce strength increasing
• Volume: 71.53M BMT – decent liquidity for short trades
🎯 Trade Setup – Quick Recovery Play:
• Entry Zone: $0.1245 – $0.1255
• Take Profit 1: $0.1268
• Take Profit 2: $0.1285
• Take Profit 3: $0.1294
• Stop Loss: $0.1215
📌 Pro Tip:
A push above the mid-band ($0.1254) with increasing volume could signal a short-term trend shift. Watch for breakout volume before scaling in further.