โ ๏ธ While many still see strength in $BEAT /USDT, the price action starts telling a different story.
๐ด $BEAT - SHORT
๐ Trading Plan:
๐น Entry: 3.0480016 โ 3.1259984
๐ Stop Loss: 3.8709263
๐ฏ TP1: 2.4990553
๐ฏ TP2: 2.1070921
๐ฏ TP3: 1.5191474
๐ Why this scenario?
โข Although the higher-timeframe trend is still positive, the 4-hour frame shows a deterioration in momentum that favors a potential bearish move.
โข The 15-minute RSI is at 26.08, indicating an oversold condition. This can cause temporary bounces, so itโs important to wait for confirmation before entering.
โข Volatility remains elevated, increasing the likelihood of large moves and making risk management crucial.
๐ฌ Whatโs your strategy?
Do you think selling pressure will continue to the targets, or do you expect a rebound before considering a short position?
๐ Trade here
๐ด $BEAT - SHORT
๐ Trading Plan:
๐น Entry: 3.0480016 โ 3.1259984
๐ Stop Loss: 3.8709263
๐ฏ TP1: 2.4990553
๐ฏ TP2: 2.1070921
๐ฏ TP3: 1.5191474
๐ Why this scenario?
โข Although the higher-timeframe trend is still positive, the 4-hour frame shows a deterioration in momentum that favors a potential bearish move.
โข The 15-minute RSI is at 26.08, indicating an oversold condition. This can cause temporary bounces, so itโs important to wait for confirmation before entering.
โข Volatility remains elevated, increasing the likelihood of large moves and making risk management crucial.
๐ฌ Whatโs your strategy?
Do you think selling pressure will continue to the targets, or do you expect a rebound before considering a short position?
๐ Trade here