$BMT: Holds Moving Average Support: High Probability Long Setup
LONG SETUP BMT
Entry: $0.01780 - $0.01820
Stop Loss: $0.01735
Take Profit: $0.01930 (2R)
Key Levels: Support $0.01724 | Resistance $0.01965
Technical Analysis for $BMT: The RSI at 63, MACD histogram positive, ADX 31 indicating a strong uptrend, and price sitting above EMA9/21/50/200 align bullish. Orderbook shows a modest bidside imbalance. With price holding above the 1hour support 0.01724 and below the 0.01965 resistance, momentum favors a long move. Bollinger bands also support the upside potential.
Market Context: BTC is down 0.91% on the 24hour chart, showing a bearish 4hour trend, while overall market breadth is mixed with 49.2% green
LONG $BMT
LONG SETUP BMT
Entry: $0.01780 - $0.01820
Stop Loss: $0.01735
Take Profit: $0.01930 (2R)
Key Levels: Support $0.01724 | Resistance $0.01965
Technical Analysis for $BMT: The RSI at 63, MACD histogram positive, ADX 31 indicating a strong uptrend, and price sitting above EMA9/21/50/200 align bullish. Orderbook shows a modest bidside imbalance. With price holding above the 1hour support 0.01724 and below the 0.01965 resistance, momentum favors a long move. Bollinger bands also support the upside potential.
Market Context: BTC is down 0.91% on the 24hour chart, showing a bearish 4hour trend, while overall market breadth is mixed with 49.2% green
LONG $BMT