A quick look at Beta (#BETAUSDT, 1D, Binance):
Since my last idea, price found support on the $0.40 level and looks ready to give us some more fun!
Main Points
Yesterday, BETA has seen a considerable above-average trading volume, with price pushing as high as +20.89% at close. If BETA breaks through the EMA 50, it may go up to the most recent highs and even test the resistance of the range, for a +23.15% and +46.81% respectively at the time of writing.
Strategy
TPs set slightly below resistances:
TP1: $0.63
TP2: $0.768
SL: n/a(*)
Additional Reading
If you want to read more about Beta Finance on CoinMarketCap, click here.
What do you think?
Any constructive feedback and positive vibes to improve my analysis are welcome.
But if you enjoy my chart, please like, comment or follow me. :)
Thank you and Happy trading!
(*) I do not use Stop-Loss for the simply because that I do not margin trade, and I trade only assets that I do not mind keeping long-term should the price suddenly crash.
------------------------------------------------------
Some of my charts represent actual trades, and some are just paper trading. Check them out!
Needless to say, this is not financial advice!
Since my last idea, price found support on the $0.40 level and looks ready to give us some more fun!
Main Points
Yesterday, BETA has seen a considerable above-average trading volume, with price pushing as high as +20.89% at close. If BETA breaks through the EMA 50, it may go up to the most recent highs and even test the resistance of the range, for a +23.15% and +46.81% respectively at the time of writing.
Strategy
TPs set slightly below resistances:
TP1: $0.63
TP2: $0.768
SL: n/a(*)
Additional Reading
If you want to read more about Beta Finance on CoinMarketCap, click here.
What do you think?
Any constructive feedback and positive vibes to improve my analysis are welcome.
But if you enjoy my chart, please like, comment or follow me. :)
Thank you and Happy trading!
(*) I do not use Stop-Loss for the simply because that I do not margin trade, and I trade only assets that I do not mind keeping long-term should the price suddenly crash.
------------------------------------------------------
Some of my charts represent actual trades, and some are just paper trading. Check them out!
Needless to say, this is not financial advice!
Trade active:
TP1 reached!
It's nice to wake up to find out that price reached your target at $0.63 and above. Now, in order to see TP2, BETA must break that level (and retest it). I hope some of you made that +23.15% profit, or took something home while leaving some for TP2.
It's nice to wake up to find out that price reached your target at $0.63 and above. Now, in order to see TP2, BETA must break that level (and retest it). I hope some of you made that +23.15% profit, or took something home while leaving some for TP2.
Trade active:
Check that candle and the corresponding volume. Keep an eye on TP2 as we may reach it soon (and maybe pass it).
Trade active:
We missed TP2 by only $0.00092!! What a run. What to do now? You got two choices:
1) Sell at current price ($0.61) for approximately 20% profit (not bad, isn't it?) and move on;
2) Keep your BETAs and wait to see if it rebounds at this level to test again TP2 levels.
Your choice. DYOR!
1) Sell at current price ($0.61) for approximately 20% profit (not bad, isn't it?) and move on;
2) Keep your BETAs and wait to see if it rebounds at this level to test again TP2 levels.
Your choice. DYOR!
