#StrategyBTCPurchase 🚨$SOL
The clear downtrend right now, and the bears are still very much in control.
Volume tells the story: we've seen some massive spikes on those big red candles (like that one with over 21 million volume when it tanked hard), which screams real selling pressure. Lately though, during this little consolidation, volume's dropped way off (last candle only 58k), so maybe the sellers are getting a bit tired – could be exhaustion setting in. I'm leaning cautious short here, but gotta keep risk super tight because things can reverse fast.
Capital flows aren't helping the bulls at all – straight outflows everywhere: -14M over 24H, -64M over the week, even -5M in the last hour. Feels like institutions are dumping.
Entry shorts $BEAT :
You could jump in short right around current levels (~0.919), but honestly, I'd prefer waiting for a bounce up to 0.95-0.96 – better risk/reward for a short there.
Stop-loss: about 3.5% above your entry (so ~0.951 if entering now, or 0.992 on the bounce).
Targets $BEAT : looking at 0.885-0.890. Not aiming too far though – it's already pretty oversold, so don't get greedy.
Volatility is wild on this one, so size small and manage those stops! #beat #BEATUSDT #Audiera