Technically Analysis of $BETA All important is hear

Key Observations:

Resistance at $0.06200: Price hit this level and pulled back, showing it’s a key resistance.

Support at $0.05252: Price is currently holding here. Watch if this support level remains intact.

Moving Averages: MA(7), MA(25), and MA(99) are trending upward, signaling bullish momentum. The price is slightly above them, so a pullback could happen.

Volume: High trading volume indicates strong interest.

Trade Decision:

Long Setup:

Entry: Above $0.05300 if the price bounces off the support.

Targets: First at $0.05800, second at $0.06200.

Stop Loss: Below $0.05000.

Short Setup:

Entry: Below $0.05000 if support breaks.

Targets: First at $0.04500, second at $0.04400.

Stop Loss: Above $0.05500.

Recommendation:

The bullish momentum makes a long trade more favorable, but wait for a confirmation that the support at $0.05252 holds before entering. If you prefer shorting, wait for a break below $0.05000.

This balances risk and reward while maintaining all crucial points.

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