đš $BEAT is still bleeding.
We already covered BEAT during the first major crash â and unfortunately, the sellers havenât finished yet.
Audiera (BEAT) is now around $0.63, down another 31% in 24H. The chart shows a clear bearish structure: lower highs, lower lows and price trading below the 1H Bollinger middle band at $0.72.
The interesting part is that this isnât simply a random dump. The huge 21.25M BEAT unlock on August 1 added about 6.9% of circulating supply, creating a major supply overhang. Since then, leveraged positions have been repeatedly flushed, and recent analysis also points to whale distribution as another source of pressure.
đ My view:
BEAT is extremely oversold, but oversold doesnât automatically mean âbuy.â The immediate battle is around $0.60â0.61.
đŽ BEAT â SHORT on bounce
đ° Entry: 0.68â0.72
âïž Margin: Cross
đŻ Take Profits:
đ„ 0.60
đ„ 0.55
đ„ 0.50
đ Leverage: 3â5x
đ Stop Loss: 0.76
đĄ Comment: If $0.60 breaks with volume, BEAT could quickly move toward $0.55 and potentially $0.50. The 1H lower Bollinger band is already around $0.53, so thatâs the first major downside zone.
But if buyers reclaim $0.72 and hold it, I would cancel the short idea â a relief bounce toward $0.85â0.95 could follow.
One more thing: the next scheduled unlock is currently listed for September 1, with another ~11.25M BEAT entering circulation. So supply pressure isnât completely gone yet.
BEAT went from insane FOMO to survival mode. The goal now isnât to predict the bottom â itâs to wait until the chart proves that the sellers are finally exhausted. đđ
#beat #Audiera #futures #crypto #Trading
We already covered BEAT during the first major crash â and unfortunately, the sellers havenât finished yet.
Audiera (BEAT) is now around $0.63, down another 31% in 24H. The chart shows a clear bearish structure: lower highs, lower lows and price trading below the 1H Bollinger middle band at $0.72.
The interesting part is that this isnât simply a random dump. The huge 21.25M BEAT unlock on August 1 added about 6.9% of circulating supply, creating a major supply overhang. Since then, leveraged positions have been repeatedly flushed, and recent analysis also points to whale distribution as another source of pressure.
đ My view:
BEAT is extremely oversold, but oversold doesnât automatically mean âbuy.â The immediate battle is around $0.60â0.61.
đŽ BEAT â SHORT on bounce
đ° Entry: 0.68â0.72
âïž Margin: Cross
đŻ Take Profits:
đ„ 0.60
đ„ 0.55
đ„ 0.50
đ Leverage: 3â5x
đ Stop Loss: 0.76
đĄ Comment: If $0.60 breaks with volume, BEAT could quickly move toward $0.55 and potentially $0.50. The 1H lower Bollinger band is already around $0.53, so thatâs the first major downside zone.
But if buyers reclaim $0.72 and hold it, I would cancel the short idea â a relief bounce toward $0.85â0.95 could follow.
One more thing: the next scheduled unlock is currently listed for September 1, with another ~11.25M BEAT entering circulation. So supply pressure isnât completely gone yet.
BEAT went from insane FOMO to survival mode. The goal now isnât to predict the bottom â itâs to wait until the chart proves that the sellers are finally exhausted. đđ
#beat #Audiera #futures #crypto #Trading