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📉 Analysis of BMT/USD: attempt to hold the key demand zone 📊
On the daily chart of the asset BMT/USD, an interesting picture is observed: after a strong decline, the price found temporary support in the demand zone 0.0756–0.0853 marked in purple.
Buyers are actively defending this level, as evidenced by repeated tests of support and a slowdown in volatility. Such a movement pattern may indicate accumulation, where large players are building positions before a possible reversal. 📊
If the asset stays above the level of 0.0756 and there is an increase in volume, this will be the first signal for a possible rebound upwards. 💥
📌 To confirm, watch for reversal candlestick patterns ( such as bullish engulfing or hammer ) in this zone — they can provide an entry point with minimal risk.
🔔 Conclusion: the zone 0.0756–0.0853 remains key for the further price direction. A breakout downwards will strengthen the bearish scenario, while holding with volume will provide a chance for recovery.
🧠 Don't forget about risk management and confirming signals.
$BMT