$BMT early session, this spike-and-reversal structure wasn’t something retail traders could spontaneously create.
From 0.022, it surged on heavy volume all the way to 0.0303—one single 15-minute candle blasted out an enormous 1.85 million USD in trading volume. Then followed 4 consecutive bearish candles with decreasing volume, retracing.
In the past 24 hours, the total trading volume has stacked up to 23.7 million USD, and the turnover rate has directly been pushed to 120%.
Right now, the battle between bulls and bears isn’t about whether 0.030 can break through. Instead, it’s about the lots that chased at 0.030: what is the main force actually planning— to shake them out (wash out) or to distribute directly.
Watch 0.0260. If the pullback holds on lower volume above 0.0260, the bulls still have the momentum to test the previous high again. Once it breaks down through 0.0260 on increased volume, that early-session spike will be the textbook “bull trap” distribution signal, and the price should run straight to the bounce area starting around 0.0245.
Did anyone just now chase in around 0.030 and catch the falling knife? Comment your entry cost in the comment section.
#暗影萨满 #BMT
From 0.022, it surged on heavy volume all the way to 0.0303—one single 15-minute candle blasted out an enormous 1.85 million USD in trading volume. Then followed 4 consecutive bearish candles with decreasing volume, retracing.
In the past 24 hours, the total trading volume has stacked up to 23.7 million USD, and the turnover rate has directly been pushed to 120%.
Right now, the battle between bulls and bears isn’t about whether 0.030 can break through. Instead, it’s about the lots that chased at 0.030: what is the main force actually planning— to shake them out (wash out) or to distribute directly.
Watch 0.0260. If the pullback holds on lower volume above 0.0260, the bulls still have the momentum to test the previous high again. Once it breaks down through 0.0260 on increased volume, that early-session spike will be the textbook “bull trap” distribution signal, and the price should run straight to the bounce area starting around 0.0245.
Did anyone just now chase in around 0.030 and catch the falling knife? Comment your entry cost in the comment section.
#暗影萨满 #BMT