🐂 $BEAT overall trend is still bearish – it's been consolidating down near the lows with a ton of selling pressure hanging around. But I'm thinking cautiously long just for a quick tactical bounce, but keep in mind the big picture is still down.
On the volume side, I've noticed those recent drops have come with some serious spike in trading volume, like that 40M dip to 0.74, which screams capitulation to me. But when it tries to bounce a little, the volume's super low, so buyers aren't really showing up strong.
Capital flows aren't helping either – we're seeing steady outflows no matter the timeframe: -23.8M USDT in the last 24 hours, and a whopping -84.5M over the past week. Selling momentum's still got the upper hand here.
Entries longs $BEAT : I'd jump in around 0.715 to 0.730 if it's holding that support zone, and only if I spot a solid reversal signal like a hammer or bullish engulfing candle. Definitely steer clear if it's just cranking out red candles nonstop.
Set your stop-loss 3-5% below wherever you enter – say 0.685-0.695
Aiming $BEAT for 0.810-0.842 as targets, that's right around the 20MA and first resistance level.
What do you think? Anyone else eyeing this? #beat #BEATUSDT #Audiera