Although the macro trend remains bullish, the price has encountered obvious resistance near recent highs. The most critical signal is the significant shrinking of trading volume, indicating that buying power is waning and the upward momentum lacks sufficient strength. In this high-level stagnation pattern, profit-taking is often triggered, leading to a downward correction.
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BEAT's momentum weakens before the key resistance level, with decreasing volume and stagnation, which may be a sign of a reversal.
Go short immediately $BEAT
Entry: 0.2470 - 0.2500
Stop loss: 0.2540
Target 1: 0.2380
Target 2: 0.2280
Although the macro trend remains bullish, the price has encountered obvious resistance near recent highs. The most critical signal is the significant shrinking of trading volume, indicating that buying power is waning and the upward momentum lacks sufficient strength. In this high-level stagnation pattern, profit-taking is often triggered, leading to a downward correction.
Trade here $BEAT 👇