BEAT: Today this big red candle has been smashed down. Many people only see the -31% and panic. But you should pay attention to the trading volume—78M, with a volume expansion alongside the decline. This isn’t being driven by retail selling.
The high was 0.959 and the low was 0.613. The order book is so thin that it plunged this much, and the rebound strength was very weak. In an environment of tighter macro liquidity, capital tolerance for small-cap tokens like this has dropped sharply.
My view is: if this high-volume, slow-sliding selloff doesn’t quickly reclaim above 0.7 within the next 24–48 hours, the next support level to watch is 0.58, or even lower. Chasing in now carries a very unfavorable risk-reward ratio.
$BEAT : don’t rush to bottom-fish. Wait for signs that the situation has stabilized before deciding.
The high was 0.959 and the low was 0.613. The order book is so thin that it plunged this much, and the rebound strength was very weak. In an environment of tighter macro liquidity, capital tolerance for small-cap tokens like this has dropped sharply.
My view is: if this high-volume, slow-sliding selloff doesn’t quickly reclaim above 0.7 within the next 24–48 hours, the next support level to watch is 0.58, or even lower. Chasing in now carries a very unfavorable risk-reward ratio.
$BEAT : don’t rush to bottom-fish. Wait for signs that the situation has stabilized before deciding.