BEAMX Analysis (4H)

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Market makers, in this weak and low-volatility market, are hunting for liquidity. Bullish momentum on this asset is very weak, and the previous trend is bearish, which causes most traders to look for sell/short positions.

However, there are signs on the chart indicating a potential stop hunt for sellers.

Price is currently trading at a key level, and we have a bullish CH (Change of Character) after a bearish consolidation/compression.

We have two entry points, which can be executed using a DCA approach.

Targets are marked on the chart.

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