🚨 $BMT HUGE BREAKOUT, BUT I WOULDN’T CHASE HERE
$BMT is up around 34.5% on the chart, with price near $0.02495 after a strong breakout from the $0.018–$0.020 area.
The 4H candles show strong buying pressure, and volume has increased sharply. Price is also trading above the 7 MA at $0.02137, the 25 MA at $0.01809, and the 99 MA at $0.01850.
The momentum is clearly bullish right now, but after such a fast move, a pullback wouldn’t surprise me. I’d rather wait for a retest than enter just because the candles are green.
My trade plan 👇
📍 Entry zone: $0.0230–$0.0240, if price pulls back and holds
🟢 Support: $0.0241, $0.0219, $0.0214
🔴 Resistance: $0.02589, $0.02641, then the next extension if momentum continues
🛑 Stop-loss: $0.0212
🎯 Target 1: $0.02589
🎯 Target 2: $0.02641
🎯 Target 3: $0.0280, if buyers maintain control
What I’m watching:
If BMT holds the entry zone and breaks above $0.02589 with strong volume, another push higher could develop.
But if price loses $0.0230, I’d be cautious. A deeper pullback toward $0.0219–$0.0214 could follow, especially if buying volume starts fading.
Risk management: From a $0.0235 entry to the $0.0212 stop, the potential risk is about 9.8%. Target 1 offers roughly 1:1 risk-to-reward, while Target 2 is around 1:1.3, before fees and slippage. That’s not the strongest ratio, so I’d want a better entry or stronger confirmation before taking the trade.
I’d risk no more than 1% of my trading capital and size the position based on the stop-loss distance.
Invalidation: A 4H close below $0.0212 would invalidate this particular long setup.
For me, BMT has momentum, but the main question is whether buyers can hold these higher levels. I don’t want to turn a good chart into a bad trade by chasing an extended candle.
Based on the provided 4H chart. Levels are planning scenarios, not guaranteed outcomes. DYOR Not financial advice.
$BMT is up around 34.5% on the chart, with price near $0.02495 after a strong breakout from the $0.018–$0.020 area.
The 4H candles show strong buying pressure, and volume has increased sharply. Price is also trading above the 7 MA at $0.02137, the 25 MA at $0.01809, and the 99 MA at $0.01850.
The momentum is clearly bullish right now, but after such a fast move, a pullback wouldn’t surprise me. I’d rather wait for a retest than enter just because the candles are green.
My trade plan 👇
📍 Entry zone: $0.0230–$0.0240, if price pulls back and holds
🟢 Support: $0.0241, $0.0219, $0.0214
🔴 Resistance: $0.02589, $0.02641, then the next extension if momentum continues
🛑 Stop-loss: $0.0212
🎯 Target 1: $0.02589
🎯 Target 2: $0.02641
🎯 Target 3: $0.0280, if buyers maintain control
What I’m watching:
If BMT holds the entry zone and breaks above $0.02589 with strong volume, another push higher could develop.
But if price loses $0.0230, I’d be cautious. A deeper pullback toward $0.0219–$0.0214 could follow, especially if buying volume starts fading.
Risk management: From a $0.0235 entry to the $0.0212 stop, the potential risk is about 9.8%. Target 1 offers roughly 1:1 risk-to-reward, while Target 2 is around 1:1.3, before fees and slippage. That’s not the strongest ratio, so I’d want a better entry or stronger confirmation before taking the trade.
I’d risk no more than 1% of my trading capital and size the position based on the stop-loss distance.
Invalidation: A 4H close below $0.0212 would invalidate this particular long setup.
For me, BMT has momentum, but the main question is whether buyers can hold these higher levels. I don’t want to turn a good chart into a bad trade by chasing an extended candle.
Based on the provided 4H chart. Levels are planning scenarios, not guaranteed outcomes. DYOR Not financial advice.