$0.0343 BMT is screaming, but not cleanly 🚨
$BMT just did +161.31% in 24h and +144.5% in the last 4h. That’s not “healthy grind” stuff, that’s panic bid chasing a thin book.
RSI(14) on 4h is 89. Overbought is an understatement. Still, price is above the 20d and 50d MA, so the trend stack is bullish and shorts are getting squeezed with funding at -0.009% 💀
Volume is the tell: $60.30M printed, but that’s only 0.2x the 20d average. So yeah, real heat, but also very possible this is a fast move on not much depth. BMT is 77% up its 30d range and only 17% off the high. That usually means chop, wick hunts, then either continuation or a nasty flush.
Not chasing here. Just watching how it holds this bid.
#BMT
#Altcoin
$BMT just did +161.31% in 24h and +144.5% in the last 4h. That’s not “healthy grind” stuff, that’s panic bid chasing a thin book.
RSI(14) on 4h is 89. Overbought is an understatement. Still, price is above the 20d and 50d MA, so the trend stack is bullish and shorts are getting squeezed with funding at -0.009% 💀
Volume is the tell: $60.30M printed, but that’s only 0.2x the 20d average. So yeah, real heat, but also very possible this is a fast move on not much depth. BMT is 77% up its 30d range and only 17% off the high. That usually means chop, wick hunts, then either continuation or a nasty flush.
Not chasing here. Just watching how it holds this bid.
#BMT
#Altcoin