$BEAT is currently facing a significant downtrend. 📉 We are observing a potential short opportunity given the prevailing market conditions.
Volume has notably increased during 4-hour drops, confirming strong bearish control. This indicates sustained selling pressure.
Capital flows reflect this pressure with consistent net outflows in contracts. We've seen -2.78M stablecoin in 5m and -11.27M stablecoin over 24h, signaling strong selling momentum. 💸
Price action for $BEAT clearly shows a pattern of lower highs and lower lows. It recently broke below the crucial 1.2125 support level. 📉
Entry short for $BEAT:
* Option 1: Await a bounce towards the 1.40-1.45 resistance area.
* Option 2: Confirm a sustained break below 1.2125.
SL: Set above 3.5% from entry. 🛡️
TP: Target is 1.1133, aligning with a key support level, representing approximately a 13% drop. 🎯
(BEATUSDT)
#beat #BEATUSDT #Audiera