BMT is down — but down is not the same as cheap.
0.022270 · -17.61% 24h · Vol 13M USDT.
BMT is currently a pure momentum play: there’s capital flowing in, but it needs more confirmation before trusting the trend.
I’m not jumping to a narrative too early; for now, I’m just watching volume, price levels, and the reaction after the sharp move. Down -17.61% — sellers are clearly in control. Catching the bottom only looks good when selling pressure dries up and volume contracts around 0.021830; until that happens, waiting is safer.
The best time to catch a bottom is when selling pressure dries up, not when the chart looks “cheap.” I’m waiting for a clear reaction at 0.021830 before considering an entry.
Buying the dip or waiting it out?
#BMT #RiskManagement #Crypto
0.022270 · -17.61% 24h · Vol 13M USDT.
BMT is currently a pure momentum play: there’s capital flowing in, but it needs more confirmation before trusting the trend.
I’m not jumping to a narrative too early; for now, I’m just watching volume, price levels, and the reaction after the sharp move. Down -17.61% — sellers are clearly in control. Catching the bottom only looks good when selling pressure dries up and volume contracts around 0.021830; until that happens, waiting is safer.
The best time to catch a bottom is when selling pressure dries up, not when the chart looks “cheap.” I’m waiting for a clear reaction at 0.021830 before considering an entry.
Buying the dip or waiting it out?
#BMT #RiskManagement #Crypto