Keeping an eye on $BEAT as it tests the 0.08827–0.08860 resistance zone on the 4-hour chart. For a short position to work, sellers need to defend this level. Waiting for a clear rejection is a safer entry than chasing the price higher.
Key Confluences:
Daily Trend: The macro trend remains bearish, giving sellers the edge at key resistance levels.
4H Counter-Trend: Price trading above the 50 EMA presents a solid fade opportunity back with the broader trend.
Risk Parameters: Risking ~2.3% to the stop loss for a 1.6R return if TP3 is reached.
Trade Parameters:
Direction: SHORT
Entry Zone: 0.08827 – 0.08860
Targets: TP1: 0.08723 | TP2: 0.08644 | TP3: 0.08524
Stop Loss: 0.09043
Will supply hold this zone, or are we setting up for a short squeeze?
Not financial advice. Do your own research.
$BEAT
$LTC
#SolanaPlansToCutBlockTimesTo200ms #ReusedBitcoinAddressesHold4.33MBTC #FedMinutesFocusOnOctoberPause
Key Confluences:
Daily Trend: The macro trend remains bearish, giving sellers the edge at key resistance levels.
4H Counter-Trend: Price trading above the 50 EMA presents a solid fade opportunity back with the broader trend.
Risk Parameters: Risking ~2.3% to the stop loss for a 1.6R return if TP3 is reached.
Trade Parameters:
Direction: SHORT
Entry Zone: 0.08827 – 0.08860
Targets: TP1: 0.08723 | TP2: 0.08644 | TP3: 0.08524
Stop Loss: 0.09043
Will supply hold this zone, or are we setting up for a short squeeze?
Not financial advice. Do your own research.
$BEAT
$LTC
#SolanaPlansToCutBlockTimesTo200ms #ReusedBitcoinAddressesHold4.33MBTC #FedMinutesFocusOnOctoberPause