$BETA

/USDT Technical Analysis & Trade Signals

Current Price: $0.04801

24h Price Change: +2.98%

24h High: $0.05835 | 24h Low: $0.04623

Technical Indicators:

Support Levels:

$0.04623 (24h Low)

$0.04584 (Depth Chart Support)

Resistance Levels:

$0.05835 (24h High)

$0.05895 (Depth Chart Resistance)

Moving Averages:

MA(5): 1,371,479 (indicating short-term upward momentum)

MA(10): 1,958,714 (showing moderate buying pressure)

Momentum:

The price has been moving upwards in the short term with a positive 24h change of +2.98%. However, recent price action is near the lower range, indicating a possible breakout opportunity.

Trade Signals:

1. Bullish Entry Signal (Buy):

Entry Point: $0.04750 - $0.04800

Target 1 (T1): $0.05021 (near resistance)

Target 2 (T2): $0.05400 (mid-range)

Target 3 (T3): $0.05800 (upper resistance)

Stop Loss: $0.04600 (below recent support)

2. Bearish Exit Signal (Sell):

If the price falls below $0.04623, consider exiting positions with caution.

Trade Momentum:

Strong Buying Momentum: The short-term movement (+2.98%) and positive moving averages indicate a potential continuation to the upside. Watch for breakouts near resistance levels.

Bearish Reversal Risk: If price breaks below the $0.04600 support, it may signal a reversal. A close below $0.04584 confirms a bearish trend.

Note: Always combine technical signals with market news for better decision-making.

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