In the first week of August, I shared a setup I identified on $BEAT , specifically highlighting $0.2628 as a potential demand zone where I expected price could eventually drop to as the larger structure developed.
But our immediate focus was different: we wanted to catch the higher-timeframe bearish move toward $1.00 first, before looking for the much larger downside toward $0.2628.
However, price spiked sharply to $3.70 to sweep liquidity, taking us out of our short before turning around and dumping over 90% directly into our $0.2628 macro target.
Direction was 100% right, but our timing got squeezed.
Sometimes the market grabs extra liquidity just to knock tight stops out before making the real move. It ruins our initial entry, but it doesn't change where price is ultimately headed.
How to play it next time: Wait for the fake pump to cool down, let lower timeframes turn bearish again, and re-enter.
But our immediate focus was different: we wanted to catch the higher-timeframe bearish move toward $1.00 first, before looking for the much larger downside toward $0.2628.
However, price spiked sharply to $3.70 to sweep liquidity, taking us out of our short before turning around and dumping over 90% directly into our $0.2628 macro target.
Direction was 100% right, but our timing got squeezed.
Sometimes the market grabs extra liquidity just to knock tight stops out before making the real move. It ruins our initial entry, but it doesn't change where price is ultimately headed.
How to play it next time: Wait for the fake pump to cool down, let lower timeframes turn bearish again, and re-enter.