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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