#BMT
đĄ Spot Analysis
â Current price:
- $0.0908, which is down -32.94% in the last 24 hours.
- This shows strong selling pressure in the market.
â Candlestick pattern:
- On the daily timeframe, there is a long red candle, indicating heavy selling.
- The high volume accompanying this drop confirms that sellers are actively exiting positions.
â Support & resistance:
- Support: Around $0.0858 (the 24h low).
- Resistance: Around $0.1356 (the 24h high).
â Volume:
- Today's volume is very high, signaling a strong move and strong participation by traders.
â Moving averages (MA):
- MA(5) and MA(10) are trending downward, which is a bearish sign suggesting further possible
If you already hold, consider partial selling or setting a stop-loss to reduce risk.
If planning to buy for long-term, wait for clear support confirmation and a reversal signal before entering.