$BMT
IS SHOWING EXTREME VOLATILITY! WHY?
Looking at the chart, the price made a massive spike and was immediately rejected. This isn't a healthy breakout.
The recent pump appears to be driven by short-term speculation rather than strong market structure.
The 0.0170–0.0200 zone is acting as strong resistance. If buyers fail to break this area, the price could continue moving lower.
My expectation is that it may consolidate for a short time before another move.
IS SHOWING EXTREME VOLATILITY! WHY?
Looking at the chart, the price made a massive spike and was immediately rejected. This isn't a healthy breakout.
The recent pump appears to be driven by short-term speculation rather than strong market structure.
The 0.0170–0.0200 zone is acting as strong resistance. If buyers fail to break this area, the price could continue moving lower.
My expectation is that it may consolidate for a short time before another move.