Prepare to accumulate at every DIP

11 lut

BTM or Bitcoin DEPOT look to be quite promising as the company continues to grow and integrate into the Fintech space covering Cash into Crypto related assets. As the market and sentiment has shifted to a more easing environment we should continue to pay attention to this company every time this stock is trading in the zone. With a 52 week low of 1.33USD and currently trading slightly above this, currently there isn't any immediate signs of reversal at this time but anticipating the possible move for a reversal now rather than later.

When and if volume realizes that this has the potential for significant gains it will move and it will move quickly.

3 consecutive bearish monthly candles, earnings are within two months the company continues to raise revenue, Their service is relevant in North America Fundamentals are slightly improving so in this regard a technical reversal should be due within time.

Continue to monitor this for volume as we approach a significant support/resistance as this stock nearly doubled in NOV 2024 only to be shorted out before it showed its true potential.

11 lut

Zlecenie aktywne

On 2025-02-11 there has been a daily candle color change to candle with a large body and the long wick to close the day, If there is to be a reversal it would be around this price range to start.

11 lut

Uwaga

rsi on the daily was below 30 indicating a oversold zone which can entice traders for entry.