Is BMT about to bounce or is the pump over?
I’ve been watching $BMT USDT today. It had a solid run up to almost 0.028, but looking at the 15m chart, it’s been bleeding out for the last few hours. Right now, it's sitting at 0.0251 and testing a pretty critical support level.
Here’s what I’m seeing:
· The 4H Chart: The bigger picture actually looks bullish. It recently broke out of a long downtrend and pushed above the 99 MA. That’s a good sign.
· The 15m Chart: This is where the trouble is. It pumped, hit a wall at 0.0279, and has been making lower highs since. The MACD just crossed bearish and is printing red bars.
Right now, the price is sitting exactly on the 25 MA (the purple line) around 0.0250.
Here is my suggested trade idea:
I wouldn't hit a blind long or short here. Wait for the 15m candle to close.
✅ The Long Play: If we see a strong green candle bounce right off this 0.0250 area, I’ll take a long. It shows buyers are still defending the trend.
· Stop Loss: Below the 99 MA on the 15m, around 0.0245.
· Take Profit: Back up to 0.0265, and I'd look for a retest of 0.0279.
⚠️ The Short Play: If it breaks and closes below 0.0245, the support is gone. I’d look for a quick short down to the 0.0230 area.
Right now, I'm just sitting on my hands waiting to see how this current 15m candle plays out. It's right on the edge.
Are you guys holding longs here or waiting for a deeper dip? Let me know. 👇
Just my chart watching, Always manage your risk!
#BMT #AppleReportsMixedResults #CryptoNewss #Binance
I’ve been watching $BMT USDT today. It had a solid run up to almost 0.028, but looking at the 15m chart, it’s been bleeding out for the last few hours. Right now, it's sitting at 0.0251 and testing a pretty critical support level.
Here’s what I’m seeing:
· The 4H Chart: The bigger picture actually looks bullish. It recently broke out of a long downtrend and pushed above the 99 MA. That’s a good sign.
· The 15m Chart: This is where the trouble is. It pumped, hit a wall at 0.0279, and has been making lower highs since. The MACD just crossed bearish and is printing red bars.
Right now, the price is sitting exactly on the 25 MA (the purple line) around 0.0250.
Here is my suggested trade idea:
I wouldn't hit a blind long or short here. Wait for the 15m candle to close.
✅ The Long Play: If we see a strong green candle bounce right off this 0.0250 area, I’ll take a long. It shows buyers are still defending the trend.
· Stop Loss: Below the 99 MA on the 15m, around 0.0245.
· Take Profit: Back up to 0.0265, and I'd look for a retest of 0.0279.
⚠️ The Short Play: If it breaks and closes below 0.0245, the support is gone. I’d look for a quick short down to the 0.0230 area.
Right now, I'm just sitting on my hands waiting to see how this current 15m candle plays out. It's right on the edge.
Are you guys holding longs here or waiting for a deeper dip? Let me know. 👇
Just my chart watching, Always manage your risk!
#BMT #AppleReportsMixedResults #CryptoNewss #Binance
