Technical analysis by Supachai-Taechapisit about Symbol BETA: Buy recommendation (12/23/2024)

BINANCE:BETA/USDT - 1W TIMEFRAME🎯 TRADE SETUP:━━━━━━━━━━━━━━━━✦ CURRENT PRICE: $0.04446 (-2.92%)✦ TARGET: $0.19071 (+575.85%)✦ STOP LOSS: -10% (Marked in red)✦ RISK:REWARD: 57:1✦ VOLUME: 11.82MTECHNICAL ANALYSIS:━━━━━━━━━━━━━━━━1. PATTERN STRUCTURE: • Trading within descending channel • Double trend line resistance (black & blue) • Clear support zone at channel bottom • Potential reversal zone approaching2. MARKET CONTEXT: • Price near historical support • Volume stabilizing at lows • Channel compression point ahead • Strong overhead resistance levels3. PROJECTED MOVEMENT (White Line): • Initial consolidation period • Break above both trend lines • Accelerated move to target zone • Multiple retests expectedSTRATEGY EXECUTION:━━━━━━━━━━━━━━━━ENTRY PLAN:• Base entry near current levels• Add on trend line breaks• Final position on volume confirmationRISK MANAGEMENT:• Clear -10% stop loss defined• Cut losses if channel support breaks• Scale out at resistance levelsIMPORTANT DATES:━━━━━━━━━━━━━━━━• Pattern completion: Early 2025• Target timeframe: Late 2025 - Early 2026• Critical support test: Q1 2025RISK DISCLOSURE:━━━━━━━━━━━━━━━━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 #CryptoTradingTags: TradingViewNote: The stop loss level is clearly defined at -10%, providing a precise risk management point for this high-reward setup.