BMT just dumped 9% on 4x normal volume — someone's exiting hard 🚨
When volume spikes 4.43x on a red candle, that's not random noise. That's conviction selling. And the 4H RSI at 44.5 tells us there's still room to fall before we hit oversold territory.
🔍 The Setup:
Price at $0.0206 is now below SMA7 on the 4H ($0.0214) and getting closer to SMA25 ($0.0223) as resistance above. The daily chart still shows a decent uptrend from $0.0142 (SMA99), but short-term momentum is clearly negative.
MACD on both timeframes is flatlining — this could be the calm before another move.
📋 Trade Plan (Short):
• Entry: $0.0201 – $0.0211
• Stop Loss: $0.0226 (above recent swing high)
• TP1: $0.0195 | TP2: $0.0189 | TP3: $0.0181
• Risk/Reward: 0.6R (tight — this is a volatile small-cap)
⚠️ Low R:R means position sizing matters more than ever. Keep it small.
Would you short this or wait for a bounce to fade? 🤔
#BMT #CryptoTrading #DYOR
⚠️ Not financial advice. Always do your own research and manage risk.