đ„ $BMT Breaks Out â New Local High as Bulls Regain Momentum
Current Price: $0.1341
Daily Gain: +7.88%
Breakout Level: Cleared $0.1300 resistance with volume expansion
đ Moving Averages:
7 EMA (Yellow): $0.1236 â Now acting as dynamic support
25 EMA (Pink): $0.1127 â Mid-term trend flipped bullish
99 EMA (Blue): $0.0979 â Long-term breakout confirmed
đ Technical Structure:
â
Bullish Confirmation:
Strong bounce from the $0.085 base, forming a series of higher highs and higher lows.
Price has broken above both local horizontal resistance and the 99 EMA â trend reversal confirmed on the 4H chart.
Volume and momentum both rising, suggesting follow-through is likely.
đ Key Levels:
Next Resistance Zones:
$0.1450 (intraday wick zone)
$0.1580â0.1650 (May top range)
Support Zones:
$0.1250 (previous breakout area)
$0.1120 (25 EMA retest zone)
đ§ Market Sentiment:
After a long downtrend, momentum has decisively flipped in bulls' favor.
BMT is now retesting previous âdistribution levelsâ from May, and if sustained, could trigger another leg higher toward $0.18â0.20 range.
DYOR â Do Your Own Research.
This is not financial advice. Markets can be volatile â always trade responsibly!