In $BMT 24 hours, it dropped 32.9%, ranking third on the biggest decliners list. At a time like this, the most taboo thing is to see the drop and want to “buy the dip.”
The four-hour structure is still bearish overall. During the rebound, volume shrinks, and the support strength below is clearly weakening. Now around 0.0224, I won’t chase short positions. I’ll wait for a retracement back to 0.02228–0.02261 before considering entering a short. Set the stop-loss at 0.02939, and take profit first at 0.01724, then 0.01377 and 0.00856.
The trend’s focus is moving downward. For the short term, there can be pullbacks and fluctuations, but this leg of the drop hasn’t finished yet. If you dare to catch a falling knife at this level, are you sure you can hold up?
$BMT
#空头趋势 #抄底风险 #Futures trading
The four-hour structure is still bearish overall. During the rebound, volume shrinks, and the support strength below is clearly weakening. Now around 0.0224, I won’t chase short positions. I’ll wait for a retracement back to 0.02228–0.02261 before considering entering a short. Set the stop-loss at 0.02939, and take profit first at 0.01724, then 0.01377 and 0.00856.
The trend’s focus is moving downward. For the short term, there can be pullbacks and fluctuations, but this leg of the drop hasn’t finished yet. If you dare to catch a falling knife at this level, are you sure you can hold up?
$BMT
#空头趋势 #抄底风险 #Futures trading