๐ Trading Journal $BEAT โ Short-term Opportunity (Quick Take)
Price is still in a strong downtrend across H4โD1. Structure remains bearish, with price holding below EMA25/EMA99 and failing to reclaim key resistance.
Chart notes:
โข Trend: Lower highs & lower lows intact.
โข EMA cluster: Heavy resistance around 0.40โ0.44.
โข RSI: Recovering from oversold but still below mid-level โ bounce looks corrective.
โข Liquidity map: Sell liquidity stacked above, supports fade-the-bounce setup.
Strategy:
โข Prefer SHORT on pullbacks into 0.40โ0.44 with clear rejection.
โข Invalidation: Strong break & hold above 0.45.
โข Targets: 0.375 โ 0.36, extension if momentum continues.
Price is still in a strong downtrend across H4โD1. Structure remains bearish, with price holding below EMA25/EMA99 and failing to reclaim key resistance.
Chart notes:
โข Trend: Lower highs & lower lows intact.
โข EMA cluster: Heavy resistance around 0.40โ0.44.
โข RSI: Recovering from oversold but still below mid-level โ bounce looks corrective.
โข Liquidity map: Sell liquidity stacked above, supports fade-the-bounce setup.
Strategy:
โข Prefer SHORT on pullbacks into 0.40โ0.44 with clear rejection.
โข Invalidation: Strong break & hold above 0.45.
โข Targets: 0.375 โ 0.36, extension if momentum continues.
