Guys, I’m opening a BIG SHORT on $BEAMX here. 👀
TP: $0.0033
SL: $0.0060 👇🏻
Now I know what most of you are thinking:
“Why short $BEAMX after such a strong pump? What if it keeps going higher?”
That’s exactly why I waited.
I didn’t want to short while momentum was still strong. I wanted to see price push into the upper area first and then show weakness.
Now we have the rejection, buyers are not getting the same follow-through, and the move is starting to slow down.
There’s also a big liquidity area sitting much lower, so if sellers keep control from here, I think the downside can open up fast.
I’m not trying to call the exact top.
I’m just taking the trade after the market finally gave me a reason to stop trusting the pump.
If this rejection holds, I think the real move down is still ahead.
TP: $0.0033
SL: $0.0060 👇🏻
Now I know what most of you are thinking:
“Why short $BEAMX after such a strong pump? What if it keeps going higher?”
That’s exactly why I waited.
I didn’t want to short while momentum was still strong. I wanted to see price push into the upper area first and then show weakness.
Now we have the rejection, buyers are not getting the same follow-through, and the move is starting to slow down.
There’s also a big liquidity area sitting much lower, so if sellers keep control from here, I think the downside can open up fast.
I’m not trying to call the exact top.
I’m just taking the trade after the market finally gave me a reason to stop trusting the pump.
If this rejection holds, I think the real move down is still ahead.
