$BMT | LIMIT ORDER SHORT
BMT has just delivered an aggressive 100%+ expansion and is now pushing into a major historical supply zone. After such a vertical move, the risk of profit-taking and a sharp retracement increases significantly. Instead of chasing the current candle, the better approach is to let price revisit the upper part of the supply area and look for rejection. If momentum continues above the zone, the setup is invalidated.
Entry: $0.0270–$0.0285
Take Profit Targets
TP1: $0.0245
TP2: $0.0218
TP3: $0.0180
TP4: $0.0158
Stop Loss: $0.0305
Wait for the limit order to fill. Don't chase the move. Secure partial profits at each TP and shift your stop loss to breakeven after TP1. Continue trailing the stop loss after each target to protect profits. DYOR! this is only my market view, not financial advice.
Trade From Here (DYOR) 👇
BMT has just delivered an aggressive 100%+ expansion and is now pushing into a major historical supply zone. After such a vertical move, the risk of profit-taking and a sharp retracement increases significantly. Instead of chasing the current candle, the better approach is to let price revisit the upper part of the supply area and look for rejection. If momentum continues above the zone, the setup is invalidated.
Entry: $0.0270–$0.0285
Take Profit Targets
TP1: $0.0245
TP2: $0.0218
TP3: $0.0180
TP4: $0.0158
Stop Loss: $0.0305
Wait for the limit order to fill. Don't chase the move. Secure partial profits at each TP and shift your stop loss to breakeven after TP1. Continue trailing the stop loss after each target to protect profits. DYOR! this is only my market view, not financial advice.
Trade From Here (DYOR) 👇