According to me, $BMT looks attractive for entry right now because the structure is trying to break out from the accumulation/sideway base area after the correction from the previous resistance.
If it successfully reclaims Rp320, that will be stronger confirmation for the structure change to a continuation breakout, with a realistic target for now of Rp350-Rp380.
From a fundamental perspective, it's quite attractive for the long term because BMT has a narrative around Onchain Intelligence/Blockchain Analytics/InfoFi.
Hey bruh, looking swing short update $HYPE $LIT $ZEC 🚨
All positions hit 2/3 TP before price reversed and came back exactly to my entry zone at the highs.
Structurally, however, I still don’t see any clear confirmation of further upside.
If you’re curious about the method I used to relatively accurately call the wave tops on the top performing coins throughout the first half of August, feel free to review Fibonacci extensions combined with liquidity levels and trendlines.
I don’t expect major moves from #BTC and #ETH this week.
This is now the alts’ game, and a skilled trader is simply someone who knows how to catch the right opportunities.