The daily trend still looks constructive, but $BEAT /USDT is showing signs of short-term weakness that could favour a downside move.
$BEAT – SHORT
Trade Plan:
Entry: 3.3498000 – 3.4082000
Stop Loss: 4.0799477
TP1: 2.8532893
TP2: 2.5028154
TP3: 1.9771047
Although the 1-day trend remains bullish, the 4-hour market structure has started to weaken, increasing the probability of a corrective move lower. This setup carries an estimated 92% confidence based on the current technical alignment.
On the 15-minute timeframe, the RSI is around 34, indicating momentum has cooled significantly. While this reflects weaker selling pressure than a deeply oversold reading, it does not by itself signal a bullish reversal. Price continues to struggle below key resistance, keeping the short-term bearish bias intact.
The entry zone between 3.3498 and 3.4082 offers a favourable risk-to-reward opportunity, with TP1 at 2.8532893 as the first major downside objective. If bearish momentum accelerates, TP2 and TP3 become the next potential targets. Manage risk carefully, and consider moving your stop loss to breakeven after TP1 is reached to help protect profits.
$BEAT
$BEAT – SHORT
Trade Plan:
Entry: 3.3498000 – 3.4082000
Stop Loss: 4.0799477
TP1: 2.8532893
TP2: 2.5028154
TP3: 1.9771047
Although the 1-day trend remains bullish, the 4-hour market structure has started to weaken, increasing the probability of a corrective move lower. This setup carries an estimated 92% confidence based on the current technical alignment.
On the 15-minute timeframe, the RSI is around 34, indicating momentum has cooled significantly. While this reflects weaker selling pressure than a deeply oversold reading, it does not by itself signal a bullish reversal. Price continues to struggle below key resistance, keeping the short-term bearish bias intact.
The entry zone between 3.3498 and 3.4082 offers a favourable risk-to-reward opportunity, with TP1 at 2.8532893 as the first major downside objective. If bearish momentum accelerates, TP2 and TP3 become the next potential targets. Manage risk carefully, and consider moving your stop loss to breakeven after TP1 is reached to help protect profits.
$BEAT