$BEAMX I'm planning to short at this level, entering at 0.002548 with a target of 0.00230, for roughly 9.7% downside.
Price is inching up, but open interest is falling. Long positions are already being flushed out, and I don't see any major buyers stepping in to support the price.
My take is that this is a classic distribution drift, and a correction should come next.
Moderate risk, with a risk-reward ratio of about 1.6:1.
Price is inching up, but open interest is falling. Long positions are already being flushed out, and I don't see any major buyers stepping in to support the price.
My take is that this is a classic distribution drift, and a correction should come next.
Moderate risk, with a risk-reward ratio of about 1.6:1.