Below is a speculative idea for the BEAMX/USDT coin pair.
After reaching its historical maximum in mid-December at a price of $0.027332, the asset experienced a correction, resulting in a decrease of more than 38%. Following the completion of the correction, there was a consolidation phase.
At present, a resistance level has been identified at $0.023531. Additionally, an inclined support level has been detected, indicating stability in the asset within this price range.
As part of the trading strategy, we anticipate a potential third approach of the price to the resistance level at $0.023531. If this scenario is confirmed with active trading near this level, we consider entering a position with the goal of surpassing the resistance level and further moving towards the historical maximum, potentially leading to a 15% increase.
In the event of strong market support, there is also consideration for breaking the all-time high at the price level of $0.027332, which could be viewed as a potential entry point.
After reaching its historical maximum in mid-December at a price of $0.027332, the asset experienced a correction, resulting in a decrease of more than 38%. Following the completion of the correction, there was a consolidation phase.
At present, a resistance level has been identified at $0.023531. Additionally, an inclined support level has been detected, indicating stability in the asset within this price range.
As part of the trading strategy, we anticipate a potential third approach of the price to the resistance level at $0.023531. If this scenario is confirmed with active trading near this level, we consider entering a position with the goal of surpassing the resistance level and further moving towards the historical maximum, potentially leading to a 15% increase.
In the event of strong market support, there is also consideration for breaking the all-time high at the price level of $0.027332, which could be viewed as a potential entry point.