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Hxlaw
Hxlaw
$BEAT BEATUSDT in the 1-H frame is giving a fairly positive recovery signal after a period of accumulation around the 0.99–1.00 area. The price has now bounced strongly to 1,063 with a long-body green candle with an increase in volume, indicating that the buying force is returning significantly. Short-term MAs began to move up, especially MA5 and MA10 cut to MA20, supporting a short-term uptrend. If it stays above the 1.05 area, BEAT is likely to continue to test the close resistance at 1.07–1.08. When the breakout succeeds in this area, the next target can be towards 1.10–1.12. Currently, the important support area is around 1.01–1.02, this is the area that can be considered to increase the position if the price retests. However, the above MA120 is still creating medium-term pressure, so it is necessary to monitor the price reaction at the near resistance area. The appropriate strategy is to prioritize buying when the price is above 1.05, risk management below 1.00 to avoid a failed breakout. $BTC $ETH

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