$BMT — Bullish Recovery Breakout in Progress, Momentum Building
Long
$BMT Entry Zone: $0.01700 – $0.01760
Stop Loss: $0.01640
Take Profit Targets:
• TP1: $0.01820
• TP2: $0.01900
• TP3: $0.02050
$BMT has completed a healthy correction phase and is now showing clear signs of gradual bullish recovery. Price established a strong higher low around the $0.01650 region, confirming buyer presence and support strength. Currently, BMT is attempting to break and hold above the key resistance zone near $0.01720, which previously acted as a supply barrier.
On the 1H timeframe, the structure reflects steady accumulation followed by controlled expansion, indicating smart money positioning rather than emotional buying. This type of gradual momentum build is typically more sustainable and often leads to continuation moves toward higher liquidity zones.
As long as price maintains support above $0.01680–$0.01700, bullish continuation toward $0.01820 and $0.01900 becomes highly probable, with extended upside potential toward $0.02050 if momentum strengthens further. Volume behavior and higher-low formation both support the continuation bias.
A clean hold above the breakout zone could trigger acceleration as trapped sellers exit and new buyers step in.
Will BMT successfully hold above support and expand toward the $0.01900–$0.02050 range? Momentum is building, and continuation looks increasingly likely.
Trade smart. Manage risk. Let the market confirm the move. 📈
#BMT #WhaleDeRiskETH #USNFPBlowout