BEAM/USDT: Accumulation Range Breakout & Support Retest Setup

Wait 5 sec.

BEAM/USDT: Accumulation Range Breakout & Support Retest SetupBEAMUSDT SPOTBYBIT:BEAMUSDTMarkhorTraderBEAM has broken out above a prolonged horizontal consolidation range after accumulating inside the green demand zone. Price action is currently pushing above resistance near $0.001695, signaling potential trend continuation toward upper liquidity targets. Key Observations: Accumulation Zone: Price consolidated cleanly inside the green range before breaking above resistance. Breakout & Retest: Looking for a pullback/retest into broken resistance (turning into support around $0.001672 - $0.001695) to confirm buyer strength. Momentum: 4H RSI remains elevated (>60), showing strong bullish momentum building up. Trade Parameters: Entry Area: Retest of $0.001670 – $0.001695 Target 1 (TP1): $0.001800 Target 2 (TP2): $0.001915 Stop Loss: Below the local structural support at $0.001552