$BMT A bull trap just to liquidate traders?
Looking at the chart, BMT officially began trading against the Korean won on Upbit on the 24th. The project team seized the opportunity to hype the news, directly triggering a surge in BMT. The price peaked at 0.049.
But once the positive news was priced in, the market began a steady decline. Although it rebounded to 0.032, bullish momentum failed to continue, showing that selling pressure above 0.033 remains strong.
Clearly, this was market manipulators luring in bullish retail traders, then liquidating their positions. With a market cap of just $2,400, the coin may have strong upside potential, but it can also fall sharply.
Xin Xin’s advice: chasing the price at these highs is risky. You could wait for a rebound to around 0.031 before shorting, with a target of 0.027.
[The views above are for personal reference only and do not constitute investment advice]
#Circle第三季度营收8.65亿美元 $ETH $BTC
Looking at the chart, BMT officially began trading against the Korean won on Upbit on the 24th. The project team seized the opportunity to hype the news, directly triggering a surge in BMT. The price peaked at 0.049.
But once the positive news was priced in, the market began a steady decline. Although it rebounded to 0.032, bullish momentum failed to continue, showing that selling pressure above 0.033 remains strong.
Clearly, this was market manipulators luring in bullish retail traders, then liquidating their positions. With a market cap of just $2,400, the coin may have strong upside potential, but it can also fall sharply.
Xin Xin’s advice: chasing the price at these highs is risky. You could wait for a rebound to around 0.031 before shorting, with a target of 0.027.
[The views above are for personal reference only and do not constitute investment advice]
#Circle第三季度营收8.65亿美元 $ETH $BTC
