BMT just got hit with a 29.86% drop โ the biggest percentage loss in today's top movers. But here's what caught my eye: the volume is declining.
๐ Think About It:
Most crashes come with exploding volume (panic selling). BMT's volume ratio is only 0.74 โ below average. That means sellers aren't flooding the market. They're just... leaving. Gradually.
Is that better or worse? Honestly, it depends.
Declining volume on a drop means:
โ
No panic = less likely to overshoot
โ No urgency to buy = slower recovery
โ Sellers are patient = sustained supply
๐ The Setup:
Price dropped from $0.022 to $0.0168. Daily RSI at 52.6 (neutral โ because the move came from higher levels). No independent catalyst โ just riding the broader weakness.
๐ Trade Plan:
Entry: $0.016 - $0.018 (watch for stabilization)
Stop Loss: $0.014
TP1: $0.022 (+31%)
TP2: $0.025 (+49%)
Risk/Reward: 1.7R
โ ๏ธ I need to see $0.020 reclaimed before getting constructive. Until then, this is a watch-only.
Declining volume crash โ bullish divergence or slow bleed? What do you think? ๐
#BMT #CryptoTrading #DYOR
โ ๏ธ This is not financial advice. Do your own research. Trading involves risk of loss.