đ Analysis of the current situation:
The chart shows a downward trend since the beginning of 2024, with several attempts to reverse.
A contracting triangle is visible, which may indicate an upcoming breakout.
The current price is near the lower border of the triangle, which is a critical support level.
đ Key levels:
Support level: $0.023 (green line)
Resistance level: $0.026 (red line)
Consolidation zone: $0.023 - $0.027
đĄ Forecast:
An upward breakout is possible if the price breaks through the resistance level of $0.026.
In case of a breakdown of the support at $0.023, a further decline is possible.
đ Next steps:
Monitor trading volume: an increase in volume when a resistance level is broken can confirm an uptrend.
Pay attention to macroeconomic news and events affecting the cryptocurrency market.
đ Risks:
The downward trend may continue if the resistance level is not overcome.
External factors such as cryptocurrency regulation and general market volatility can affect price movements.
đŹ Recommendations:
Consider buying when a resistance break is confirmed.
Set a stop loss below the support level to minimize losses.
đ Conclusion:
Cryptocurrency $BEAMX is at a critical level. A triangle breakout can lead to a significant price movement in one direction. Be careful and keep an eye on key levels.
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