BETA/USDT: Descending Channel Setup | 575% Potential Return

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BINANCE:BETA/USDT - 1W TIMEFRAME🎯

TRADE SETUP:
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✦ CURRENT PRICE: $0.04446 (-2.92%)
✦ TARGET: $0.19071 (+575.85%)
✦ STOP LOSS: -10% (Marked in red)
✦ RISK:REWARD: 57:1
✦ VOLUME: 11.82M

TECHNICAL ANALYSIS:
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1. PATTERN STRUCTURE:
• Trading within descending channel
• Double trend line resistance (black & blue)
• Clear support zone at channel bottom
• Potential reversal zone approaching

2. MARKET CONTEXT:
• Price near historical support
• Volume stabilizing at lows
• Channel compression point ahead
• Strong overhead resistance levels

3. PROJECTED MOVEMENT (White Line):
• Initial consolidation period
• Break above both trend lines
• Accelerated move to target zone
• Multiple retests expected

STRATEGY EXECUTION:
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ENTRY PLAN:
• Base entry near current levels
• Add on trend line breaks
• Final position on volume confirmation

RISK MANAGEMENT:
• Clear -10% stop loss defined
• Cut losses if channel support breaks
• Scale out at resistance levels

IMPORTANT DATES:
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• Pattern completion: Early 2025
• Target timeframe: Late 2025 - Early 2026
• Critical support test: Q1 2025

RISK DISCLOSURE:
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Trading involves substantial risk. This analysis is for educational purposes only. Always conduct your own research and use proper risk management.

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Tags: TradingView

Note: The stop loss level is clearly defined at -10%, providing a precise risk management point for this high-reward setup.