$BEAT Patience pays off on this key resistance level.
I am positioning short here because we can see retail longs are trapped higher up at 2.75, while whales have quietly accumulated a $2.3M short position right around the current price of 2.51. This is a classic mitigation block scenario, and I expect price to reprice lower to clear out early buyers.
🔴 SHORT Setup
Entry Zone: 2.520 - 2.580
Target 1: 2.400
Target 2: 2.250
Target 3: 2.050
Invalidation: 2.720
Are you taking this setup with me?
I am positioning short here because we can see retail longs are trapped higher up at 2.75, while whales have quietly accumulated a $2.3M short position right around the current price of 2.51. This is a classic mitigation block scenario, and I expect price to reprice lower to clear out early buyers.
🔴 SHORT Setup
Entry Zone: 2.520 - 2.580
Target 1: 2.400
Target 2: 2.250
Target 3: 2.050
Invalidation: 2.720
Are you taking this setup with me?