1h chart

  1. Trend judgment

    • Short-term trend: As can be seen from the chart, BETA has experienced a certain correction after a recent strong rise. The current price is fluctuating around 0.09286 USDT. This shows that the market has experienced a certain profit-taking pressure after a sharp rise, but the overall trend is still positive.

    • Medium-term trend: Medium-term moving averages (such as the 10-day and 30-day moving averages) remain upward, indicating that the medium-term trend is still positive. The short-term adjustment has not changed the overall upward trend.

  2. Support and Resistance

    • Resistance: Short-term resistance is at the previous high of 0.1150 USDT. If the price can break through this resistance, it may rise further.

    • Support level: The current support levels are 0.09000 USDT and 0.07519 USDT. If the price falls below 0.09000 USDT, attention should be paid to the support level of 0.07519 USDT.

  3. Volume Analysis

    • Volume has clearly increased during the rally, indicating high market participation. However, the last few candles have shown a decrease in volume, suggesting the market may be waiting for clarity on the next direction. This change in volume needs attention, especially when prices are approaching key support and resistance levels.

  1. In the short term

    • The price may fluctuate between 0.09000 USDT and 0.1150 USDT. If it can stabilize above 0.09000 USDT, it is expected to rise to 0.1150 USDT again.

    • If the price drops below 0.09000 USDT, it may further test the support of 0.07519 USDT.

  2. Medium to long term

    • As long as the medium-term moving average remains upward, the overall upward trend has not changed. In the coming weeks, the price is expected to challenge the previous high of 0.1150 USDT again, or even higher levels.

Operational Details

  1. Buying strategy

    • Buy on dips: If the price pulls back to around 0.09000 USDT and the trading volume increases, you can consider buying on dips.

    • Buy on a breakout: If the price breaks through 0.1150 USDT and the trading volume is significantly enlarged, you can buy after the breakout and follow the market trend.

  2. Selling strategy

    • Short-term profit taking: If the price encounters resistance near 0.1150 USDT, you can consider partial profit taking.

    • Stop loss strategy: If the price falls below 0.09000 USDT, it is recommended to set a stop loss to prevent losses from further declines.

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