$BMT BEARISH ALERT: LIQUIDITY SWEEP BELOW 0.02729 — IS ANOTHER DROP COMING?
BMT is showing signs of continued short-term weakness despite a minor bounce. The recent liquidity sweep below 0.02729 has put traders on alert, but can sellers maintain control and push the price toward the next downside targets?
Market Structure: Bearish on the 1H Chart
The 1H structure remains bearish, with lower highs and lower lows dominating price action. The recent 15-minute move below 0.02729 may represent a liquidity sweep, but it does not automatically confirm bearish continuation. The next move depends on how price reacts around nearby resistance.
Interestingly, the daily and weekly structures remain bullish, while BTC also has a bullish backdrop. This makes the current bearish setup a counter-trend opportunity that requires extra caution.
BMT Trading Signal
Bias: Short-term bearish, pending confirmation.
Preferred Short Entry: 0.02878–0.03053
Wait for a weak bounce into this supply zone, followed by a bearish engulfing candle, rejection wick, or lower-timeframe breakdown before considering a short position.
Downside Targets
TP1: 0.02665
TP2: 0.02178, if selling pressure accelerates and support fails.
Invalidation: A confirmed 1H close above 0.02938 would challenge the bearish structure and require reassessment. Because this level sits within the proposed entry zone, position sizing and stop placement should be carefully planned.
What Does Market Flow Reveal?
Open interest stands at $5.5M, down 3.2% over 24 hours. Funding is -0.0298%, while the taker ratio is 0.95x. These figures suggest caution: declining open interest may reflect position closures rather than fresh short accumulation.
My Strategy
I prefer waiting for a confirmed rejection instead of chasing price lower. If resistance holds, 0.02665 is the first downside level to watch. A break below it could expose 0.02178.
Not investment advice. Educational analysis only.
#BMT #CryptoTrading #TechnicalAnalysis #Altcoins #BinanceSquare $BMT
BMT is showing signs of continued short-term weakness despite a minor bounce. The recent liquidity sweep below 0.02729 has put traders on alert, but can sellers maintain control and push the price toward the next downside targets?
Market Structure: Bearish on the 1H Chart
The 1H structure remains bearish, with lower highs and lower lows dominating price action. The recent 15-minute move below 0.02729 may represent a liquidity sweep, but it does not automatically confirm bearish continuation. The next move depends on how price reacts around nearby resistance.
Interestingly, the daily and weekly structures remain bullish, while BTC also has a bullish backdrop. This makes the current bearish setup a counter-trend opportunity that requires extra caution.
BMT Trading Signal
Bias: Short-term bearish, pending confirmation.
Preferred Short Entry: 0.02878–0.03053
Wait for a weak bounce into this supply zone, followed by a bearish engulfing candle, rejection wick, or lower-timeframe breakdown before considering a short position.
Downside Targets
TP1: 0.02665
TP2: 0.02178, if selling pressure accelerates and support fails.
Invalidation: A confirmed 1H close above 0.02938 would challenge the bearish structure and require reassessment. Because this level sits within the proposed entry zone, position sizing and stop placement should be carefully planned.
What Does Market Flow Reveal?
Open interest stands at $5.5M, down 3.2% over 24 hours. Funding is -0.0298%, while the taker ratio is 0.95x. These figures suggest caution: declining open interest may reflect position closures rather than fresh short accumulation.
My Strategy
I prefer waiting for a confirmed rejection instead of chasing price lower. If resistance holds, 0.02665 is the first downside level to watch. A break below it could expose 0.02178.
Not investment advice. Educational analysis only.
#BMT #CryptoTrading #TechnicalAnalysis #Altcoins #BinanceSquare $BMT