BMNR (BitMine Immersion Technologies) – 1H Trade Plan

$BMNR ‌#SummerCreationCamp
Current Price: 17.93
The 1-hour chart shows a strong bullish reversal after rebounding from 15.49. Price is trading above the MA5, MA10, MA30 and EMA levels, while the MACD remains bullish, indicating momentum is still with buyers. However, KDJ is overbought, so a short-term pullback is possible before the next leg higher.
Key Levels
Support 1: 17.50
Support 2: 16.90
Major Support: 16.30
Resistance 1: 18.30
Resistance 2: 19.00
Major Resistance: 20.00
Bullish Trade Setup
Entry Zone: 17.50–17.80 on a pullback
Stop Loss: 16.80
Take Profit 1: 18.30
Take Profit 2: 19.00
Take Profit 3: 20.00
Breakout Trade
If a 1-hour candle closes above 18.30 with strong volume:
Entry: Above 18.30
Stop Loss: 17.70
Targets: 19.00 → 20.00 → 21.50
Bearish Scenario
If price loses 17.50, a deeper pullback toward 16.90 is likely. A break below 16.90 would weaken the bullish structure and could lead to a retest of 16.30.
Strategy
Bias: Bullish while price remains above 17.50.
Avoid chasing extended green candles; wait for a pullback or a confirmed breakout.
Risk only 1–2% of trading capital on a single position and consider taking partial profits at each target while moving the stop loss to breakeven after the first target.