BMTBUSD 
BMT is showing a recovery from the recent low around 0.0340, but price is now approaching the 0.0390–0.0400 area, where the current move could face selling pressure.The chart shows a potential short setup, with the entry area around 0.038642–0.039222, a stop-loss at 0.041143, and a target at 0.024225.
Entry zone: 0.038642–0.039222
Stop-loss: 0.041143
Target: 0.024225
The idea is to watch whether price gets rejected around the entry zone. If price continues moving upward and breaks above the stop-loss level, the short setup would be invalidated. If selling pressure returns, the marked target becomes the downside objective.
Risk-to-reward: Approximately 1:5.8 using 0.038642 as the entry reference, with the stop-loss and target shown on your chart.
For
BMT, I would wait for confirmation of rejection near the entry zone rather than chase the move, especially after the strong recent recovery.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.