Friends, I am Hongcai! BEAT has seen a double squeeze with a liquidation of 2.5 million, and we are now preparing to hit a critical point. Is this the beginning of a comeback or a trap in a downward continuation? Let me clarify for you.
News front
As a project that has garnered high attention recently, BEAT's volatility is extreme. From market data, its contract trading volume has reached $2.372 billion, far exceeding spot trading, indicating that a large amount of capital is playing high-leverage contracts, which can lead to dramatic price fluctuations. Retail investors are easily caught in a double squeeze in such an environment and must be particularly vigilant.
Technical aspect
From the 4-hour K-line, BEAT weakened and fell back after hitting 3.45, and broke through the 2.5 key level with increased volume, which is a dangerous signal. The current pullback is testing the pressure at 2.5. If it can strongly stabilize above 2.5, it is expected to challenge the 2.8-3.0 area again in the short term. However, if the rebound is weak and faces resistance again near 2.5, the downward trend will continue, and the next target will be directly aimed at the 1.5-1.12 strong support range. The current changes in trading volume are key; any rebound without volume is just a trick.
Hongcai's personal opinion
If BEAT cannot stabilize above 2.5 with increased volume soon, the probability of further declines in the future is very high. The first pullback after breaking key support is often an opportunity to exit or reduce positions, rather than a signal to chase the rise. Maintain a bearish outlook until it stabilizes above 2.5.
What should retail investors and beginners do?
Holders: When the price rebounds to the 2.45-2.5 area, decisively reduce positions. If it breaks below 2.3 again, consider exiting completely.
For those looking to bottom fish: Absolutely do not enter at the current price level. If you really believe in it, you must wait for two signals: first, a strong breakout with a significant bullish candle that stabilizes above 2.55; second, a clear signal of a bottoming when it falls to the 1.5-1.12 support area.
Contract players: Consider lightly shorting near 2.5. If it breaks through 2.55 with strong volume, then stop loss and observe.
BEAT is at a critical stage of a breakout pullback, and 2.5 is the decisive factor for short-term direction. Before the direction becomes clear, strictly control your position, and do not gamble with real money on uncertainty.
Declines are not the end of the world, but a touchstone to test your cognition and discipline. Only those who can remain calm amid panic will seize the next wave of surge. Pay attention to Hongcai and participate in every attack from Hongcai! Hongcai will announce specific entry times and real-time news every day at Caishen's house!#加密市场观察 $BEAT
