$BMT 1H ๐
BMT has a much cleaner structure than it did earlier on the chart. Price reclaimed the $0.0211 area, Supertrend has flipped green, and the recent pullback is holding above the previous base.
Iโd still prefer a controlled entry instead of chasing.
Trade Setup
Entry: $0.02220โ$0.02245
SL: $0.02145
TP1: $0.02320
TP2: $0.02440
TP3: $0.02620
What stands out ๐
The $0.0211โ$0.0215 zone is the important support area now. As long as BMT holds above it, the short-term structure remains constructive.
Price is currently around $0.02250, sitting just below the recent $0.0232 rejection area. A clean 1H close above $0.0232 would be the confirmation Iโd want for continuation.
Then the next levels are:
$0.02320 โ $0.02440 โ $0.02620
If BMT loses $0.02145, Iโd invalidate the setup and wait for a new structure.
My preferred play: buy the retest, not the candle. The setup looks decent, but confirmation still matters.
#Write2Earn
BMT has a much cleaner structure than it did earlier on the chart. Price reclaimed the $0.0211 area, Supertrend has flipped green, and the recent pullback is holding above the previous base.
Iโd still prefer a controlled entry instead of chasing.
Trade Setup
Entry: $0.02220โ$0.02245
SL: $0.02145
TP1: $0.02320
TP2: $0.02440
TP3: $0.02620
What stands out ๐
The $0.0211โ$0.0215 zone is the important support area now. As long as BMT holds above it, the short-term structure remains constructive.
Price is currently around $0.02250, sitting just below the recent $0.0232 rejection area. A clean 1H close above $0.0232 would be the confirmation Iโd want for continuation.
Then the next levels are:
$0.02320 โ $0.02440 โ $0.02620
If BMT loses $0.02145, Iโd invalidate the setup and wait for a new structure.
My preferred play: buy the retest, not the candle. The setup looks decent, but confirmation still matters.
#Write2Earn
