$BEAT Swing Trade Setup: ICT + SMC + Elliott Wave + Fibonacci Confluence
Entry Zone: 1.72 – 1.80
Stop Loss: 1.58
TP1: 2.05
TP2: 2.38
TP3: 2.82
$BEAT is trading near 1.77 after a prolonged markdown, where price has swept liquidity below the 1.61 low before showing a minor reaction. From an ICT/SMC perspective, this resembles a sell-side liquidity grab approaching a potential discount zone. RSI remains oversold across the 1H, 4H, and 1D charts, suggesting bearish momentum is weakening. Elliott Wave structure indicates Wave 5 may be nearing completion, increasing the probability of an ABC corrective rally. The 0.236–0.382 Fibonacci retracement from the recent decline aligns with the first upside objective, while a reclaim above 2.05 would confirm stronger bullish intent. Until 1.61 breaks decisively, buyers retain a speculative recovery opportunity. Trade Idea: Buy 1.72–1.80, Stop Loss: 1.58. Take Profit 1: 2.05, Take Profit 2: 2.38, Take Profit 3: 2.82. Risk management remains essential, as confirmation is still developing.
Trade $BEAT here 👇🏻👇🏻
Entry Zone: 1.72 – 1.80
Stop Loss: 1.58
TP1: 2.05
TP2: 2.38
TP3: 2.82
$BEAT is trading near 1.77 after a prolonged markdown, where price has swept liquidity below the 1.61 low before showing a minor reaction. From an ICT/SMC perspective, this resembles a sell-side liquidity grab approaching a potential discount zone. RSI remains oversold across the 1H, 4H, and 1D charts, suggesting bearish momentum is weakening. Elliott Wave structure indicates Wave 5 may be nearing completion, increasing the probability of an ABC corrective rally. The 0.236–0.382 Fibonacci retracement from the recent decline aligns with the first upside objective, while a reclaim above 2.05 would confirm stronger bullish intent. Until 1.61 breaks decisively, buyers retain a speculative recovery opportunity. Trade Idea: Buy 1.72–1.80, Stop Loss: 1.58. Take Profit 1: 2.05, Take Profit 2: 2.38, Take Profit 3: 2.82. Risk management remains essential, as confirmation is still developing.
Trade $BEAT here 👇🏻👇🏻