$BMT at $0.0213 after a 6.87% 24h drop: is this capitulation, or just shorts getting comfortable? 👀
I’m leaning chop, not reversal. 4h RSI is 32, but volume is only 0.1x the 20-day average, so sellers aren’t showing huge conviction. Funding at -0.050% says shorts are paying, while BMT sits 59% below its 30d high.
Still ugly.
At $0.0200, I’d watch for a reclaim before getting interested. $ETH strength won’t save this chart if BMT can’t hold its own level. Mixed MAs, $3.04M volume, zero clarity.
#BMT #CryptoNews #Binance
I’m leaning chop, not reversal. 4h RSI is 32, but volume is only 0.1x the 20-day average, so sellers aren’t showing huge conviction. Funding at -0.050% says shorts are paying, while BMT sits 59% below its 30d high.
Still ugly.
At $0.0200, I’d watch for a reclaim before getting interested. $ETH strength won’t save this chart if BMT can’t hold its own level. Mixed MAs, $3.04M volume, zero clarity.
#BMT #CryptoNews #Binance