⚠️ BEAMX/USDT 2H — Breakout Followed by Sharp Rejection
BEAMX is trading near $0.001834 after gaining over 29% in 24 hours. Price remains above EMA(7) at $0.001726, EMA(25) at $0.001560, EMA(99) at $0.001484 and MA(44) at $0.001494, keeping the broader 2H structure bullish. However, the long upper wick from the visible high of $0.002197 shows heavy profit-taking. The visible major low is $0.001272.
Trade Setup: A confirmed 2H close above $0.00220 followed by a successful retest can activate a long setup, targeting $0.00235, $0.00250 and $0.00270, with stop loss below $0.00204. If BEAMX closes below the EMA(7) support at $0.00172 and fails to reclaim it, a short setup may target $0.00163, $0.00156 and $0.00149, with stop loss above $0.00185. Avoid chasing the current candle because the rejection wick indicates extreme volatility.
#BEAMX #BEAMXUSDT #CryptoTrading #BinanceSquare
BEAMX is trading near $0.001834 after gaining over 29% in 24 hours. Price remains above EMA(7) at $0.001726, EMA(25) at $0.001560, EMA(99) at $0.001484 and MA(44) at $0.001494, keeping the broader 2H structure bullish. However, the long upper wick from the visible high of $0.002197 shows heavy profit-taking. The visible major low is $0.001272.
Trade Setup: A confirmed 2H close above $0.00220 followed by a successful retest can activate a long setup, targeting $0.00235, $0.00250 and $0.00270, with stop loss below $0.00204. If BEAMX closes below the EMA(7) support at $0.00172 and fails to reclaim it, a short setup may target $0.00163, $0.00156 and $0.00149, with stop loss above $0.00185. Avoid chasing the current candle because the rejection wick indicates extreme volatility.
#BEAMX #BEAMXUSDT #CryptoTrading #BinanceSquare
