Long
BETA/USDT: Descending Channel Setup | 575% Potential Return
BINANCE:BETA/USDT - 1W TIMEFRAME๐ฏ
TRADE SETUP:
โโโโโโโโโโโโโโโโ
โฆ CURRENT PRICE: $0.04446 (-2.92%)
โฆ TARGET: $0.19071 (+575.85%)
โฆ STOP LOSS: -10% (Marked in red)
โฆ RISK:REWARD: 57:1
โฆ VOLUME: 11.82M
TECHNICAL ANALYSIS:
โโโโโโโโโโโโโโโโ
1. PATTERN STRUCTURE:
โข Trading within descending channel
โข Double trend line resistance (black & blue)
โข Clear support zone at channel bottom
โข Potential reversal zone approaching
2. MARKET CONTEXT:
โข Price near historical support
โข Volume stabilizing at lows
โข Channel compression point ahead
โข Strong overhead resistance levels
3. PROJECTED MOVEMENT (White Line):
โข Initial consolidation period
โข Break above both trend lines
โข Accelerated move to target zone
โข Multiple retests expected
STRATEGY EXECUTION:
โโโโโโโโโโโโโโโโ
ENTRY PLAN:
โข Base entry near current levels
โข Add on trend line breaks
โข Final position on volume confirmation
RISK MANAGEMENT:
โข Clear -10% stop loss defined
โข Cut losses if channel support breaks
โข Scale out at resistance levels
IMPORTANT DATES:
โโโโโโโโโโโโโโโโ
โข Pattern completion: Early 2025
โข Target timeframe: Late 2025 - Early 2026
โข Critical support test: Q1 2025
RISK DISCLOSURE:
โโโโโโโโโโโโโโโโ
Trading involves substantial risk. This analysis is for educational purposes only. Always conduct your own research and use proper risk management.
#BETA #TechnicalAnalysis #Crypto #TradingView #CryptoTrading
Tags: TradingView
Note: The stop loss level is clearly defined at -10%, providing a precise risk management point for this high-reward setup.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.