Is that +26% move just the beginning, or is the easy money already gone?
$BMT ripped from the low 0.016s to nearly 0.021 in two days — but funding is deeply negative. Shorts are paying longs. During an uptrend, that often signals fuel for continuation, not exhaustion.
The 4H chart is the cleanest read. Price holds above rising EMA7 and EMA25. RSI is hot at 76, so a pause wouldn't shock anyone. But structure remains intact: higher lows, higher highs, and a bullish FVG at 0.0162–0.0165 that buyers defended.
The level that matters most is ~0.0196. A 4H close below invalidates momentum. As long as $BMT holds above it, the path toward ~0.0225 stays open. Lose it, and the short-term thesis cools off fast.
My read: trend is up, but chasing a 26% candle without respecting the 0.0196 floor turns good setups into sloppy entries. The risk isn't the upside — it's the entry location.
Which level are you watching more closely on $BMT — the 0.0196 floor or the 0.0225 ceiling? 👇
Follow for the next read on this chart.
⚠️ Not financial advice. DYOR.
#BMT #Crypto #BinanceSquare #Altcoins
$BMT ripped from the low 0.016s to nearly 0.021 in two days — but funding is deeply negative. Shorts are paying longs. During an uptrend, that often signals fuel for continuation, not exhaustion.
The 4H chart is the cleanest read. Price holds above rising EMA7 and EMA25. RSI is hot at 76, so a pause wouldn't shock anyone. But structure remains intact: higher lows, higher highs, and a bullish FVG at 0.0162–0.0165 that buyers defended.
The level that matters most is ~0.0196. A 4H close below invalidates momentum. As long as $BMT holds above it, the path toward ~0.0225 stays open. Lose it, and the short-term thesis cools off fast.
My read: trend is up, but chasing a 26% candle without respecting the 0.0196 floor turns good setups into sloppy entries. The risk isn't the upside — it's the entry location.
Which level are you watching more closely on $BMT — the 0.0196 floor or the 0.0225 ceiling? 👇
Follow for the next read on this chart.
⚠️ Not financial advice. DYOR.
#BMT #Crypto #BinanceSquare #Altcoins