$BEAT suffered a sharp drop: it reached $3.979, touched the low at $1.443 and now is bouncing at $1.782, even though on the day it’s still -52%.
📈 In 4h, a wedge pattern is clear: price is compressing between support and resistance after that violent spike at $6.365 a while back. The RSI(6) at 27 shows clear oversold conditions... there was a strong beating.
⏱️ In 15m, the drop was direct from $3.979 to $1.443, with little relief along the way. Now it’s rebounding and the RSI(6) has risen to 61, signaling that the seller is losing strength for the moment.
🔼 If it breaks $2,000, the next target is: $2.432.
🔽 If it loses $1.443, the next support is a zone with no clear reference—high risk of a free fall.
⚠️ Extreme move in a few hours (-52% in 24h). The current bounce might just be a pause before more downside, not a confirmation of a reversal. Be very careful about going long here.
Does the bounce hold up, or does it go back to test the $1.443 low? 👇🔥
📈 In 4h, a wedge pattern is clear: price is compressing between support and resistance after that violent spike at $6.365 a while back. The RSI(6) at 27 shows clear oversold conditions... there was a strong beating.
⏱️ In 15m, the drop was direct from $3.979 to $1.443, with little relief along the way. Now it’s rebounding and the RSI(6) has risen to 61, signaling that the seller is losing strength for the moment.
🔼 If it breaks $2,000, the next target is: $2.432.
🔽 If it loses $1.443, the next support is a zone with no clear reference—high risk of a free fall.
⚠️ Extreme move in a few hours (-52% in 24h). The current bounce might just be a pause before more downside, not a confirmation of a reversal. Be very careful about going long here.
Does the bounce hold up, or does it go back to test the $1.443 low? 👇🔥