$BMT FAILED BREAKOUT ... The 0.0255 Base Just Flipped
Short Setup
Entry: 0.02450
TP1: 0.02300
TP2: 0.02200
Final Target: 0.02050
SL: 0.02620
Here's the honest read — the 0.02878 breakout that looked so clean three sessions ago has completely failed. BMT broke back below the 0.0255 base that was supposed to be the invalidation, and it did so with a body close rather than a wick. That's a Change of Character, not a pullback. What's more telling is where the volume went: the failed breakout leg is now the heaviest node on the profile between 0.0255 and 0.0290, meaning the breakout buyers are trapped and will become sellers on every retest. The 0.02450 retest of the broken base is now the highest-probability entry because the retest itself is the proof that supply is in control.
As long as 0.02620 holds, I still see more bearish pressure ahead.
A clean breakdown below 0.02300 could open the way towards 0.02200 – 0.02050.
Still looking weak ... Bears have the upper hand!
Trade with stop loss.
$BMT
Short Setup
Entry: 0.02450
TP1: 0.02300
TP2: 0.02200
Final Target: 0.02050
SL: 0.02620
Here's the honest read — the 0.02878 breakout that looked so clean three sessions ago has completely failed. BMT broke back below the 0.0255 base that was supposed to be the invalidation, and it did so with a body close rather than a wick. That's a Change of Character, not a pullback. What's more telling is where the volume went: the failed breakout leg is now the heaviest node on the profile between 0.0255 and 0.0290, meaning the breakout buyers are trapped and will become sellers on every retest. The 0.02450 retest of the broken base is now the highest-probability entry because the retest itself is the proof that supply is in control.
As long as 0.02620 holds, I still see more bearish pressure ahead.
A clean breakdown below 0.02300 could open the way towards 0.02200 – 0.02050.
Still looking weak ... Bears have the upper hand!
Trade with stop loss.
$BMT
