š $BEAMX
/USDT Technical Analysis
š® Current Price: $0.00526 (+15.35%)
š¹ļø Sector: Gaming Token
ā ļø Market Outlook: Bearish Divergence Forming
Despite recent gains,$ $BEAMX shows signs of exhaustion near the $0.00542 resistance zone. Volume remains high, but the price has started forming lower highs on lower timeframes, indicating potential bearish momentum or a correction phase.
š» Bearish Trade Setup
Entry Zone (Short): $0.00530 ā $0.00542
Resistance Levels: $0.00542 / $0.00545
Support Levels: $0.00509 / $0.00497 / $0.00488
šÆ Short Trade Targets
šÆ Target 1: $0.00509
šÆ Target 2: $0.00497
šÆ Target 3: $0.00488
š” Stop-Loss: $0.00550 (above key resistance zone)
š Trade Bias: Bearish
Failure to break above $0.00542 and increased selling pressure at highs suggests a short-term correction is likely. Traders should watch for rejection candles or volume drop on rallies.
š 24h Volume:
BEAMX: 1.28B
USDT: $6.19M
High volume spikes into resistance = caution for late longs.
š Caution advised. Not financial advice. Use proper risk management.