$BMT (Bubblemaps) is ~$0.0299 at 11:21 ICT on Nov 4 (Binance spot, +30.5% 24h, 24h range $0.0228–$0.0316, ~$18M volume, about $23M market cap). It is still ~42% below the Oct 24 spike high ($0.0514). My plan is a limit bid on the pullback, not a chase.
🔥 What's moving it
• Binance withdrawals: in its Nov 3 recovery update #6 Binance reopened withdrawals in phases for 86 assets, and BMT on both BSC and Solana was on the list (04:00 UTC start, Solana confirmed open by ~07:08 UTC). BMT started moving that session: the Nov 3 daily candle was +26% ($0.0210 to $0.0265).
• Korean volume: BMT was Upbit's top 24h gainer in KRW terms (+10.8%) and its third-largest KRW market by volume (~₩60.6B). Upbit opened BMT/KRW on Oct 24, which sent BMT to $0.0514 intraday that day, before it faded.
• Perp squeeze setup: Binance BMTUSDT funding is -1.3% per 4h (floor is -2%), so shorts are paying longs. Open interest grew from $2.7M to ~$7.8M since Nov 3, which is tiny: less than half of 24h spot volume ($18M). Squeezes can run both ways here.
• Supply: next scheduled unlock is Nov 18 (Ecosystem allocation). Circulating supply is ~760M of 1B.
📊 Daily (1D)
BMT sat in a $0.0156–0.0221 range from mid-Sep to Oct 18, spiked to $0.0514 on Oct 24 (daily close $0.0379), then gave back the entire move: a Nov 2 low of $0.0204 (daily). Today's leg took price back above the 1D EMA20 (~$0.0243) and EMA50 (~$0.0220); EMA100 (~$0.0199) and EMA200 (~$0.0193) are far below. Wilder RSI(14) ~60: strong but not overbought.
⏱️ 4H
After a flat base around $0.0204–0.0215 on Nov 2–3, BMT broke out in two legs (Nov 3 and Nov 4 morning). The 07:00 4H candle hit $0.0316 and closed at ~$0.0299 with an upper wick. The 4H EMA20 and EMA50 have converged at ~$0.0247, ~17% below price. Wilder RSI(14) ~74: overbought, so I expect a pullback or a range before the next leg.
🎯 Bull / bear levels
• Bid: $0.0262–0.0272 (Nov 4 breakout base + Oct 29 4H closes)
• TP1: $0.0316–0.0327 (Nov 4 high + Oct 28 high, ~2.5–3.0R from $0.0267)
• TP2: $0.0363–0.0390 (Oct 26 4H highs, ~4.8–6.2R)
• Out: 4H close below $0.0250 (stop $0.0247, risk ~7.5%), under the 4H EMA20/50 (~$0.0247)
• Bull trigger: 4H close above $0.0327 opens the Oct 26 highs
• Bear case: a 4H close under $0.0250 brings back $0.0208–0.0213 (Nov 2–3 lows), and I would not catch it
💭 My take
This is an event and volume pump on a ~$23M cap token, and the Oct 24 spike shows how fast those fade: it fully retraced in 9 days. What I like: price is above every EMA, volume is real ($18M vs $2M on Nov 2), and shorts are paying. What I don't like: 4H RSI ~74, the bid is ~10.8% below spot so I may not get filled, risk to the stop is ~7.5%, and the Nov 18 unlock is a known supply event. Chasing $0.0299 gives only ~0.3–0.5R to TP1, so I keep size small and wait.
Would you bid $BMT near $0.0267, or wait for a 4H close above $0.0327? 👇
NFA. DYOR.