My Trade idea on $BMT
The main catalyst behind $BMT surge appears to be the recent Upbit listing, amplified heavily by BMT's relatively small market cap and a huge increase in trading activity.
🎯 MY BEST SETUPs
🟢 Setup 1 — BUY THE PULLBACK
This is my preferred trade.
I would NOT buy at $0.02467 immediately.
Instead, wait for BMT to pull back into approximately:
Entry zone:
$0.0228 – $0.0235
Because that's around the previous consolidation/breakout area visible on your chart.
Then go to 5M.
I want to see:
Price enters the $0.0228–$0.0235 zone.
Sellers push price lower.
Price stops making lower lows.
5M creates a bullish reversal.
Price breaks the most recent 5M lower high.
Preferably volume increases on the breakout.
Enter on the confirmation/retest.
Long/Buy
Entry: $0.0232
Stop: ~$0.0218
TP1: $0.0256
TP2: $0.0278–$0.0280
TP3: $0.0300+
Approximate risk/reward from $0.0232 with a $0.0218 stop:
TP1 ≈ 1.7R
TP2 ≈ 3.3R
TP3 ≈ 4.9R
That's considerably better than chasing $0.02467.
🚀 Setup #2 — BREAKOUT LONG
There is another setup I really like.
Watch:
$0.0279
That's your major recent high.
If BMT breaks:
$0.0279
don't immediately market-buy the first wick.
I want:
5M close above $0.0279 → pullback/retest → bullish reaction
Then:
Entry:
$0.0280–$0.0285
Stop:
Approximately $0.0267–$0.0270
Targets:
$0.0300
$0.0320
$0.0350
This is the momentum setup.
🔴 When I would consider a SHORT
I wouldn't short BMT simply because the 4H RSI is 80.
That's a common mistake.
I'd only become interested in a short if the bullish structure actually breaks.
The critical area is:
$0.0227–$0.0228
If we get:
5M/15M close below $0.0227 → retest $0.0227 from underneath → rejection
then a short becomes interesting.
Possible targets:
$0.0200
then potentially:
$0.0188–$0.0190
But because the 1D/4H/1H are currently bullish, I'd treat this as a countertrend scalp, not my primary position.
The main catalyst behind $BMT surge appears to be the recent Upbit listing, amplified heavily by BMT's relatively small market cap and a huge increase in trading activity.
🎯 MY BEST SETUPs
🟢 Setup 1 — BUY THE PULLBACK
This is my preferred trade.
I would NOT buy at $0.02467 immediately.
Instead, wait for BMT to pull back into approximately:
Entry zone:
$0.0228 – $0.0235
Because that's around the previous consolidation/breakout area visible on your chart.
Then go to 5M.
I want to see:
Price enters the $0.0228–$0.0235 zone.
Sellers push price lower.
Price stops making lower lows.
5M creates a bullish reversal.
Price breaks the most recent 5M lower high.
Preferably volume increases on the breakout.
Enter on the confirmation/retest.
Long/Buy
Entry: $0.0232
Stop: ~$0.0218
TP1: $0.0256
TP2: $0.0278–$0.0280
TP3: $0.0300+
Approximate risk/reward from $0.0232 with a $0.0218 stop:
TP1 ≈ 1.7R
TP2 ≈ 3.3R
TP3 ≈ 4.9R
That's considerably better than chasing $0.02467.
🚀 Setup #2 — BREAKOUT LONG
There is another setup I really like.
Watch:
$0.0279
That's your major recent high.
If BMT breaks:
$0.0279
don't immediately market-buy the first wick.
I want:
5M close above $0.0279 → pullback/retest → bullish reaction
Then:
Entry:
$0.0280–$0.0285
Stop:
Approximately $0.0267–$0.0270
Targets:
$0.0300
$0.0320
$0.0350
This is the momentum setup.
🔴 When I would consider a SHORT
I wouldn't short BMT simply because the 4H RSI is 80.
That's a common mistake.
I'd only become interested in a short if the bullish structure actually breaks.
The critical area is:
$0.0227–$0.0228
If we get:
5M/15M close below $0.0227 → retest $0.0227 from underneath → rejection
then a short becomes interesting.
Possible targets:
$0.0200
then potentially:
$0.0188–$0.0190
But because the 1D/4H/1H are currently bullish, I'd treat this as a countertrend scalp, not my primary position.