BEAMX Looks Bullish (8H)

May 1

Two higher lows have been formed at the bottom of the chart, and the price has already created a bullish CH.

A trigger line has been formed, and it is expected to break after a few touches.

With the trading range maintained, the price is expected to move towards the targets, which are marked on the chart.

Closing a daily candle below the invalidation level will invalidate this analysis.

For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You

May 2

Trade active

From the price of $0.007621, it was analyzed and pumped 22%, hit the trigger line and got rejected.

According to the previous analysis, we expected a rejection from the trigger line. TP1 was hit.

Recovery for a bullish continuation might take some time.

May 9

Trade closed: target reached

It touched the trendline and got rejected, then hit the trading range where it found support, pumped over 32%, and hit the first target again.

With the trigger line broken, it can move toward the next targets.

It's not mandatory to close the position.