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$BMT is showing significant accumulation interest after testing key support levels multiple times. This indicates that sellers are losing steam and buyers are defending critical zones, which is often a precursor to a reversal or range breakout.
๐ Price Structure:
BMT appears to be forming a higher low, suggesting a potential shift in short-term market structure from bearish to neutral/bullish.
The resistance zone above needs a clear breakout with sustained volume to confirm a trend flip.
๐ฅ Momentum Signals:
Volume is currently moderate, but a sharp increase on green candles would suggest renewed buying strength.
Watch for bullish candlestick patterns and breaks above short-term moving averages โ these can act as early entry signals.
๐ก Risk & Reward:
Support holds = potential bounce play
Breakout above resistance with volume = momentum entry opportunity
Failure to hold support = risk of deeper pullback
๐ Key Levels to Watch:
๐ Support: Recent swing lows where buyers stepped in
๐ Resistance: Immediate supply zone where sellers have capped price
โ ๏ธ Trading Tip: Enter only with confirmation โ volume expansion, clean break & retest, or defined risk entry โ and always size positions wisely.
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