Those who dare to reach out and catch flying knives have already given back half of their profits from chasing the previous wave.
After $BMT this time dumps with increased volume, the subsequent pullback has almost no volume. That suggests that when it dropped to 0.019, all panic sellers had already dumped their shares—no one is willing to sell more at such a low level.
Now it’s clearly a bullish minor rebound. Support is around 0.019; resistance is first to test the previous high at 0.034. Don’t overcommit—just use a small position to trial and error. If it breaks support, cutting losses won’t cost much.
Guess whether this spot is for averaging down and leveling out, or for cutting and admitting defeat? Drop your entry/exit price in the comments—we’ll see who ends up getting slapped in the face later.
#BMT
After $BMT this time dumps with increased volume, the subsequent pullback has almost no volume. That suggests that when it dropped to 0.019, all panic sellers had already dumped their shares—no one is willing to sell more at such a low level.
Now it’s clearly a bullish minor rebound. Support is around 0.019; resistance is first to test the previous high at 0.034. Don’t overcommit—just use a small position to trial and error. If it breaks support, cutting losses won’t cost much.
Guess whether this spot is for averaging down and leveling out, or for cutting and admitting defeat? Drop your entry/exit price in the comments—we’ll see who ends up getting slapped in the face later.
#BMT