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Hxlaw
Hxlaw
$BEAT BEATUSDT is giving a positive signal when the price increases sharply to the area of 1.2587 with improved trading volume. After a correction to the bottom around 1.1403, the price created a high bottom structure and broke out of the short-term accumulation area. Technical signal: ● The price is on all short-term MA lines (MA5, MA10, MA20, MA30), showing that the uptrend is dominating. ● MA5 slopes up sharply and separates from the remaining MAs, showing good upward momentum. ● Consecutive bullish candles with increased volume confirm the participating cash flow. ● The nearest peak around 1.26 - 1.27 is being tested. Transaction scenario: ● It is possible to consider buying when the price is stable above the 1.23 - 1.24 area. ● Short-term target: 1.30 – 1.35. ● If it exceeds 1.30 with a large volume, the uptrend may extend to higher areas. ● Cut the loss when the 1H candle closing price is below 1.20. Evaluation: The current trend is inclined to buy with an upward momentum, but the price has increased quite quickly, so it is recommended to wait for the adjustment rhythm of support to have a better profit/risk ratio.

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