Technical analysis by tradeflowadvisors about Symbol BMT: Buy recommendation (4/29/2025)

BMT/USDT – Bullish Cup & Handle Breakout Setup on 4H Chart ☕🚀 BMT/USDT has formed a classic Cup & Handle pattern on the 4H timeframe and is gearing up for a breakout above the neckline zone (0.1454). The price is currently hovering around 0.1321 with increasing volume, suggesting bullish momentum is building. Fibonacci extensions project key upside targets post-breakout. Pattern: Cup & Handle Breakout (BO) Point: 0.1454 Fibonacci Targets: 🎯 TP1 (50%): 0.1582 – 0.1662 🎯 TP2 (Full): 0.1882 – 0.2126 Volume: Gradually rising – bullish confirmation confirmation 📈 Trade Setup: Buy Entry: On breakout above 0.1454 (with retest confirmation if conservative) Stop-Loss: Below 0.1300 (recent lows and handle support) TP1: 0.1582 TP2: 0.1882+ Risk-Reward Ratio: ~1:2.5