BMT: strong buying pressure, but don’t ignore the candle wick
$BMT is trading around $0.02307, up 19.91% in 24 hours, with volume near 14.91 million USDT. The price touched $0.02608 before reversing, leaving it about 11.5% below the day’s high.
BMT has a use case in Bubblemaps’ Intel Desk: the community uses the token to vote on cases that need investigating, influencing their priority and the rewards for contributors. This use case has been officially described by the project.
That said, I haven’t seen any sufficiently clear new announcement to confirm that this is the direct cause of today’s surge. When a chart rises quickly and then pulls back from its high, the biggest risk is buying because of the green percentage while speculative traders start taking profits.
If BMT doesn’t reclaim the $0.026 area, would you still consider this a strong breakout?
$BMT #Bubblemaps #Onchain
$BMT is trading around $0.02307, up 19.91% in 24 hours, with volume near 14.91 million USDT. The price touched $0.02608 before reversing, leaving it about 11.5% below the day’s high.
BMT has a use case in Bubblemaps’ Intel Desk: the community uses the token to vote on cases that need investigating, influencing their priority and the rewards for contributors. This use case has been officially described by the project.
That said, I haven’t seen any sufficiently clear new announcement to confirm that this is the direct cause of today’s surge. When a chart rises quickly and then pulls back from its high, the biggest risk is buying because of the green percentage while speculative traders start taking profits.
If BMT doesn’t reclaim the $0.026 area, would you still consider this a strong breakout?
$BMT #Bubblemaps #Onchain