$BMT’s -14.42% dump is a short trap, not a trend break. 🔥
Price is $0.0320, but it’s still above the 20D and 50D MAs while 4h RSI sits at 54. That’s not capitulation. Shorts are paying -0.019% funding, and the 4h pullback is only -4.3%.
Volume is $16.01M, basically 0.0x the 20D average. Dead volume, loud candles.
I’d rather hold the line than chase $SOL strength here. If $BMT tags $0.0300, I’m watching for a reclaim; lose it cleanly and I’m out. The bearish crowd is getting paid to wait, and that usually ends badly. 📉
#BMT
#Crypto
Price is $0.0320, but it’s still above the 20D and 50D MAs while 4h RSI sits at 54. That’s not capitulation. Shorts are paying -0.019% funding, and the 4h pullback is only -4.3%.
Volume is $16.01M, basically 0.0x the 20D average. Dead volume, loud candles.
I’d rather hold the line than chase $SOL strength here. If $BMT tags $0.0300, I’m watching for a reclaim; lose it cleanly and I’m out. The bearish crowd is getting paid to wait, and that usually ends badly. 📉
#BMT
#Crypto