BEAMAX USDT : Rising Wedge Indicates Bearish Breakdown Potential
#BEAMX #BEAMXUSDT #BinanceSquareFamily #BinanceEverywhere #bearish - The 2-hour chart shows a "rising wedge pattern" , generally signalling a **bearish** move after reaching the wedge's apex.
- The price is currently testing the lower "support zone" near **0.01667 USDT**.
- A "breakdown" could trigger a drop to key supports around **0.01551 USDT** or **0.01515 USDT**.
- Immediate "resistance" sits at **0.01841 USDT**âany rebound may test this level.
- Risk/Reward Setup : Stop-loss placed below the wedgeâs support, with profit targets near previous highs.
Advice for Traders :
- Monitor support at **0.01667 USDT**. If it breaks, prepare for further downside.
- For bullish scenarios, watch for potential rebounds, but remain cautious due to the overall bearish pattern.
Conclusion :
The rising wedge favours a "bearish outlook" unless support holds and triggers a strong rebound.