🚨 $BMT | PULLBACK BUY SETUP 🟢
After the latest rally and the breakout of previous levels, the price of $BMT is heading to retest the specified support and demand zone, coinciding with the intersection of the rising trendline on the 30-minute timeframe, along with an improvement in momentum.
🟢 Buy zone: 0.02440$– 0.02500$
🎯 Targets:
TP1: 0.02700$
TP2: 0.02900$
TP3: 0.03117$ (the top of the green box)
🛑 Scenario invalidation (Stop Loss): 0.02271$
📌 Scenario: We wait for the price to pull back to retest the 0.02440$– 0.02500$ support zone, along with touching the rising trendline (green line). Then, bullish reversal signals should appear to move toward the targeted objectives up to 0.03117$.
⚠️ Note: The momentum indicator shows a positive increase, but the edge of the trade lies in not chasing the price right now and waiting until the retest and confirmation of the reversal.
#Binance #BinanceSquareTalks #CRYPTO
After the latest rally and the breakout of previous levels, the price of $BMT is heading to retest the specified support and demand zone, coinciding with the intersection of the rising trendline on the 30-minute timeframe, along with an improvement in momentum.
🟢 Buy zone: 0.02440$– 0.02500$
🎯 Targets:
TP1: 0.02700$
TP2: 0.02900$
TP3: 0.03117$ (the top of the green box)
🛑 Scenario invalidation (Stop Loss): 0.02271$
📌 Scenario: We wait for the price to pull back to retest the 0.02440$– 0.02500$ support zone, along with touching the rising trendline (green line). Then, bullish reversal signals should appear to move toward the targeted objectives up to 0.03117$.
⚠️ Note: The momentum indicator shows a positive increase, but the edge of the trade lies in not chasing the price right now and waiting until the retest and confirmation of the reversal.
#Binance #BinanceSquareTalks #CRYPTO
