Technical Analysis for $BETA

/USDT🎯🚀

Current Price: $0.04526

Trend: Bullish momentum is in play, as the price is above both the Parabolic SAR and the upper Bollinger Band.

Key Support and Resistance:

Support at $0.04320 (Bollinger Middle Band) and $0.04275 (SAR level)

Resistance around $0.04650 (24h high) and the upper Bollinger Band at $0.04472

Trade Setup and Momentum

Momentum is moderately bullish but approaching overbought territory on the Bollinger Bands, suggesting a possible pullback if resistance holds at $0.04650. If volume remains strong, this may confirm continued upward movement.

Entry Signal:

Long Entry: Consider entering near $0.04400-$0.04450 on pullbacks, especially if the price holds above the SAR and middle Bollinger Band ($0.04320).

Stop Loss: Place stop near $0.04150 (recent low) to limit downside risk.

Target Levels 🎯

Target 1: $0.04650 – This aligns with the recent high, with a break above possibly confirming bullish continuation.

Target 2: $0.04800 – A reasonable target above resistance, reachable if momentum and volume are sustained.

Target 3: $0.05000 – A psychological resistance level, attainable with strong upward momentum and broader market support.

Trade Strategy

Buy on Dips: A pullback to around $0.04400 offers a lower-risk entry, potentially allowing for a move toward the targets.

Momentum Check: If BETA quickly surpasses $0.04650, watch for strong volume and candle formation to confirm strength toward higher targets.

Caution: If BETA dips below $0.04320 (Bollinger middle), consider holding off, as it may signal waning bullish momentum.

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