$BMT : NEARLY DOUBLE AVERAGE VOLUME—BUT RESISTANCE IS RIGHT ABOVE
BMT is around $0.02862 in this chart snapshot, up approximately 7.92%. Volume is about 516.6M versus a 264.3M 30-day average, with the daily candle still unfinished.
Participation is stronger, but price is approaching the $0.029–$0.030 resistance zone after a sequence of lower highs.
📍 Support: $0.0262, then $0.0238–$0.0240
📍 Resistance: $0.029–$0.030, then $0.0325
📍 Higher reference: $0.038
I’m not buying directly into resistance. Even a pullback to $0.0262, using a proposed $0.0238 stop, offers only about 1.17R to the beginning of resistance at $0.029.
What would change my view? A new consolidation that creates a defensible stop and at least 1.5R to the nearest resistance not simply a larger green candle.
Status: momentum watch—not an active entry.
Levels are approximate and based on a closing-price line-chart study. Actual candlestick structure and execution costs must be checked.
#Bubblemaps #BMT #SpotTrading #TradingSetup
BMT is around $0.02862 in this chart snapshot, up approximately 7.92%. Volume is about 516.6M versus a 264.3M 30-day average, with the daily candle still unfinished.
Participation is stronger, but price is approaching the $0.029–$0.030 resistance zone after a sequence of lower highs.
📍 Support: $0.0262, then $0.0238–$0.0240
📍 Resistance: $0.029–$0.030, then $0.0325
📍 Higher reference: $0.038
I’m not buying directly into resistance. Even a pullback to $0.0262, using a proposed $0.0238 stop, offers only about 1.17R to the beginning of resistance at $0.029.
What would change my view? A new consolidation that creates a defensible stop and at least 1.5R to the nearest resistance not simply a larger green candle.
Status: momentum watch—not an active entry.
Levels are approximate and based on a closing-price line-chart study. Actual candlestick structure and execution costs must be checked.
#Bubblemaps #BMT #SpotTrading #TradingSetup
