$BEAMX +21% in 24h. Is it just me or does this look like exhaustion at the top? 👇
Price ran 76% in 2 days and suddenly everyone's talking about it. I'm not chasing this move.
Look at what happened around 0.005548: BEAMX got through by just 2.1%, tagged 0.005665 and fell back. Everyone who bought that breakout is sitting on a loss now.
The spot I care about is 0.004904. That's where the last dip bottomed (it retraced 28% $BEAMX of the move) and nobody's been back since. I'd expect price to go and check it. If it closes above 0.005665 though, I'm wrong.
📌 My BEAMX trade: short from 0.005573, stop at 0.005908, target 0.004904 (+12.0%, 1:2)
📊 24h Vol: $144M | 24h Chg: +21.0% | Funding: +0.0050%
Would you take this trade or sit it out? 👇
Follow for daily chart breakdowns 🔔
My opinion only. Not financial advice, do your own research.
#BEAMX #Analysis #Trading
Price ran 76% in 2 days and suddenly everyone's talking about it. I'm not chasing this move.
Look at what happened around 0.005548: BEAMX got through by just 2.1%, tagged 0.005665 and fell back. Everyone who bought that breakout is sitting on a loss now.
The spot I care about is 0.004904. That's where the last dip bottomed (it retraced 28% $BEAMX of the move) and nobody's been back since. I'd expect price to go and check it. If it closes above 0.005665 though, I'm wrong.
📌 My BEAMX trade: short from 0.005573, stop at 0.005908, target 0.004904 (+12.0%, 1:2)
📊 24h Vol: $144M | 24h Chg: +21.0% | Funding: +0.0050%
Would you take this trade or sit it out? 👇
Follow for daily chart breakdowns 🔔
My opinion only. Not financial advice, do your own research.
#BEAMX #Analysis #Trading
