đ BMTUSDT Futures Technical Analysis đ
đč Current Price: $0.2134
đč 1H Timeframe Analysis
đč 200 MA Level: Not visible (Price trading below)
đč RSI (14): 43.27 (Near Oversold)
BMTUSDT saw a sharp rally but is now experiencing a pullback after hitting highs around $0.3159. The price is consolidating and showing signs of weakness, with RSI approaching the oversold region, hinting at a possible bounce.
đ Key Observations:
â
Price is in a corrective phase after a strong uptrend.
â
RSI is near oversold levels, suggesting selling pressure may be fading.
â
Holding above $0.21 could provide support for a potential rebound.
â
A drop below $0.21 may trigger further declines toward $0.18â$0.16.
đĄ Trading Strategy:
đ Bullish Case: If BMT holds above $0.21 and gains momentum, a bounce toward $0.25â$0.28 is possible.
â ïž Bearish Case: A breakdown below $0.21 could lead to a deeper correction, targeting $0.18.
đ Key Levels to Watch:
đ Resistance: $0.25 | $0.28 | $0.315
đ Support: $0.21 | $0.18 | $0.16

#BMTUSDT #CryptoTrading #TechnicalAnalysis #Altcoins đ