90% of traders will focus on the recent drop in $BEAT . I'm watching the structure instead.
Trend remains bearish as lower highs and lower lows continue to favor sellers despite buyer activity.
Trade Plan
• Entry: 2.8474 — 3.1088
• Stop Loss: 3.2284
• TP1: 2.4148
• TP2: 2.0840
The higher-timeframe structure remains weak, with strong bearish confluence across multiple timeframes. Increased volume suggests active participation, while the long/short ratio still favors downside risk if resistance continues to hold.
Always use your Stop Loss to protect your capital. Consider using trailing stops to secure profits as the trade moves in your favor. DYOR. This is not financial advice.
Would you take this short now, or wait for another rejection from resistance?
#beat #TechnicalAnalysis #cryptotrading
Trend remains bearish as lower highs and lower lows continue to favor sellers despite buyer activity.
Trade Plan
• Entry: 2.8474 — 3.1088
• Stop Loss: 3.2284
• TP1: 2.4148
• TP2: 2.0840
The higher-timeframe structure remains weak, with strong bearish confluence across multiple timeframes. Increased volume suggests active participation, while the long/short ratio still favors downside risk if resistance continues to hold.
Always use your Stop Loss to protect your capital. Consider using trailing stops to secure profits as the trade moves in your favor. DYOR. This is not financial advice.
Would you take this short now, or wait for another rejection from resistance?
#beat #TechnicalAnalysis #cryptotrading