$BEAMX / USDT â Showing Signs of Recovery? đą
$BEAMX is currently trading at $0.00728, up by a modest +3.70%. The 4-hour chart shows some recent green candles after a period of downward movement, suggesting potential recovery. However, it's still below the recent high.
Potential Scenario:
Observation: The price has bounced off a lower level and is showing some upward momentum. It needs to overcome the recent high to confirm a stronger bullish trend.
Possible Trade Considerations (Monitor closely):
Entry: Consider potential entries on a break above the recent high of $0.00735 with increasing volume. Alternatively, look for support to hold around the $0.0072 level for a potential bounce play.
Target 1: $0.00745
Target 2: $0.00760
Final Target: $0.00770+ (testing previous resistance)
Stop Loss: Place a stop-loss below recent swing lows, perhaps around $0.0071, to manage risk.
Key Observation: Watch if the price can break above the $0.00735 resistance level with good volume for a potential continuation of the upward movement.
Remember to conduct your own thorough analysis before making any trading decisions.
