$BMT

What’s going on? Is the dealer starting to push the price up?

Recently, many new coins have been launched, but excluding the fan effect of meme coins, very few can stand firm, especially since the curse of ‘listing and delisting’ has lasted for a long time. I didn’t expect to see this BMT coin rise when checking the price increase rankings today.

Currently, observing on a 4-hour level, the K-line is in a state of upward breakout, and the MACD volume bars are showing significant growth. This kind of upward momentum won’t last long, and we should expect a certain degree of pullback afterwards. The current resistance level is around 0.14, and the first support level is around 0.118. If the pullback breaks this position, the next support level will be around 0.09.

However, there are currently no favorable news regarding the rise of this coin, and the bullish factors are purely technical, which will still attract a lot of funds to enter the market. But when new coins are listed, the price fluctuations can be quite large, and tomorrow is Monday, so the market situation may change. If you're trading contracts, remember to set a stop-loss.

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