Liquidations are punishing traders who chased the vertical breakout.
$BMT has retraced nearly 60% from its 0.0436 high. On the 4-hour chart, aggressive selling volume has dried up as price approaches the 0.0145 MA99 support line. With over-leveraged long positions wiped out, market structure is stabilizing near key structural demand, opening a favorable risk-to-reward setup.
Ticker: $BMT Bias: LONG Entry Zone: 0.0165 - 0.0175 SL: 0.0142 TP1: 0.0205 TP2: 0.0235 TP3: 0.0270
Are you waiting for a confirmed reversal pattern, or scaling in at support? USDTALT
$BMT
$BMT has retraced nearly 60% from its 0.0436 high. On the 4-hour chart, aggressive selling volume has dried up as price approaches the 0.0145 MA99 support line. With over-leveraged long positions wiped out, market structure is stabilizing near key structural demand, opening a favorable risk-to-reward setup.
Ticker: $BMT Bias: LONG Entry Zone: 0.0165 - 0.0175 SL: 0.0142 TP1: 0.0205 TP2: 0.0235 TP3: 0.0270
Are you waiting for a confirmed reversal pattern, or scaling in at support? USDTALT
$BMT