$BETA /USDT: Bullish Breakout in Play – Momentum Accelerates $BETA is currently trading at $0.04990, up by +4.39%, following a strong rally from its 24-hour low of $0.04408 to a high of $0.05150. The RSI is at 78.44, indicating overbought conditions, which may lead to potential profit-taking or consolidation.
Key Levels to Watch:
Resistance: $0.05150 – A breakout above this level could drive BETA toward $0.05300 and $0.05500.
Support: $0.04850 – Holding this level is crucial for sustaining the uptrend. Below this, BETA may test $0.04700.
Trade Setup:
Long Entry: Above $0.05000, targeting $0.05300 and $0.05500.
Short Entry: Below $0.04850, targeting $0.04700 and $0.04500.
Stop-Loss: $0.04900 for longs or $0.04800 for shorts.
Market Insight:
BETA has shown strong buying momentum, as evidenced by increasing volume and a sharp MACD crossover into positive territory. While the bullish trend is intact, traders should remain cautious as overbought RSI levels may lead to short-term retracements.