BEAMX is beaming downwards

٢٨ فبراير

#BEAMX/USDT #Analysis
Description
---------------------------------------------------------------
+ BEAMX has formed a well-defined rising wedge pattern, which typically indicates a bearish trend in the chart.
+ Should the price breach the support line, we anticipate a sustained decline in price.
+ I plan to initiate a short trade as soon as the price breaches the support line, while maintaining a moderate stop loss.
---------------------------------------------------------------
VectorAlgo Trade Details
------------------------------
Entry Price: 0.032179
Stop Loss: 0.03804
------------------------------
Target 1: 0.03043
Target 2: 0.02921
Target 3: 0.02687
Target 4: 0.02443
------------------------------
Timeframe: 4H
Capital: 1-2% of trading capital
Leverage: 5-20x
---------------------------------------------------------------
Enhance, Trade, Grow
---------------------------------------------------------------
Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.

Best Regards,
VectorAlgo