While $BMT was flying, everyone thought it would go even higher. Price was up around 30% and many traders kept buying more and more.
But we shared a short setup. Why? Because price had already touched the PSH, the previous swing high near $0.0322, and made a big rejection there.
That area was also marked as a liquidity zone. Price grabbed the liquidity above the high, and big players likely used it to enter short and push retail traders out of the market.
Now price is at $0.0278, about 8% below our entry at $0.0302, and our second target has been hit.
Take love, stay careful and stay alert for the next setup.
#BMT
But we shared a short setup. Why? Because price had already touched the PSH, the previous swing high near $0.0322, and made a big rejection there.
That area was also marked as a liquidity zone. Price grabbed the liquidity above the high, and big players likely used it to enter short and push retail traders out of the market.
Now price is at $0.0278, about 8% below our entry at $0.0302, and our second target has been hit.
Take love, stay careful and stay alert for the next setup.
#BMT
