🚨$BEAT Perpetual (BEATUSDT) Eyeing a Reversal?🚨
Take a look at this massive parabolic run on $BEAT. It’s up over +43% in the last 24 hours, currently pushing hard against the $1.00 - $1.04 overhead resistance level.
While the momentum has been incredibly strong (trading well above the 7, 25, and 99 EMAs), it is starting to look severely overextended on the 15m timeframe. Parabolic moves like this are highly exhausting for buyers, and the long upper wick near $1.0478 shows that sellers are starting to step in and take profit.
The Short Setup:
Thinking about scaling into a short position here. If it fails to hold above $1.00, we could see a rapid flush back down to test the EMA(25) near $0.90 or even the EMA(99) closer to $0.79.
⚠️ Caution: High-momentum perp contracts can squeeze shorts aggressively. Keep position sizes small and leverage tight.
Who else is looking to short this top? 📉👇
#AlikhanAlpha #BEAT #CryptoTrading #BinanceFutures #ShortSetup @Binance BiBi
