On the 4-hour chart of BMT/USDT, we can see continued consolidation following a sharp decline. The price is moving within a narrow range just below the resistance formed by the EMA lines (10, 21, 30), which currently act as dynamic barriers. A breakout above these moving averages could be the first sign of a shift in sentiment.
The oscillator (WT_LB) shows an attempt to break out from lower levels, which may suggest the buildup of bullish momentum. A key level to watch is the 0.089–0.090 USDT zone — if the price can break and hold above this range, especially surpassing the local high from July 12, the bullish case strengthens.
A bullish scenario becomes more credible if the price stabilizes above the EMAs and breaks through the 0.1043 USDT level. In that case, a gradual move toward the longer-term target at 0.20 USDT becomes possible, which aligns with previous consolidation and resistance levels on higher timeframes.
Summary:
– Short-term resistance: 0.089–0.090 USDT
– Potential breakout trigger: > 0.1043 USDT
– Target level: 0.20 USDT
– Conditions: price holding support, breaking EMAs with volume confirmation
The oscillator (WT_LB) shows an attempt to break out from lower levels, which may suggest the buildup of bullish momentum. A key level to watch is the 0.089–0.090 USDT zone — if the price can break and hold above this range, especially surpassing the local high from July 12, the bullish case strengthens.
A bullish scenario becomes more credible if the price stabilizes above the EMAs and breaks through the 0.1043 USDT level. In that case, a gradual move toward the longer-term target at 0.20 USDT becomes possible, which aligns with previous consolidation and resistance levels on higher timeframes.
Summary:
– Short-term resistance: 0.089–0.090 USDT
– Potential breakout trigger: > 0.1043 USDT
– Target level: 0.20 USDT
– Conditions: price holding support, breaking EMAs with volume confirmation
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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.