🚀 $BEAT — Recovery from the lower boundary of the triangle
Timeframe: 4H
BEAT/USDT is trading within an expanding symmetrical triangle. The last wave of decline is slowing down, and the price is approaching the lower boundary of the figure — an area from which a technical rebound is possible. Oscillators indicate oversold conditions, which strengthens the recovery scenario.
📊 Brief on indicators:
EMA(21): 2.9219 — price is below, selling pressure remains
RSI(14): 34.45 — oversold zone
MACD: −0.2223 — bearish phase, but momentum is weakening
StochRSI: 0.00 — potential for an upward reversal
🎯 Trading plan
Main scenario: LONG upon confirmation of a rebound or breakout of the structure.
Targets:
1️⃣ 2.50 — +17.2%
2️⃣ 2.80 — +31.2%
3️⃣ 3.00 — +40.6%
Entry:
🔵 Aggressive: rebound from 2.13 (lower boundary of the triangle)
🟢 Conservative: breakout and hold above 2.25
🛑 Stop-loss:
2.00 — cancellation of the scenario and capital protection
🧠 Conclusion
BEAT/USDT is in the decision-making zone. Oversold conditions + support of the figure provide a chance for recovery, however, confirmation of entry is the key to a safe trade.
Trading 👉$BEAT
