Just now, I stared at the BEAT market for a long time, and the more I looked, the more it felt wrong. In this market, many people still fantasize about directly rushing up to 2.82 or even touching 3.45 today? I tell you, the probability is extremely low! No volume, no sentiment, and the MACD is still below water forming a dead cross. This kind of trend is most likely a trap for bait.
The technical aspect has completely collapsed; this is not a rebound, it's 'inviting you into the urn.'
Look at the four-hour chart, the red bars turned green, and the volume shrank like it hasn't eaten enough. The selling pressure is obviously greater than the buying pressure, what does that indicate? It indicates that big funds are quietly retreating, leaving retail investors fantasizing about 'bottom fishing'. The MACD yellow and white lines are below the zero axis, forming a dead cross, which is a typical downward signal. Remember: a rise without volume support is just a trick.
Nanxi's view:
If the price can really rush to around 3.45, don't rush to chase! That is an opportunity for you to short. The main force loves to create a door at such positions: they pump up a wave, making players think the trend has arrived, and then they smash it down. The short-term support below looks at the 2.5-1.89 range, there may be a small rebound here, but remember: a rebound is not a reversal, eat and run, don't linger.
If you don't know how to catch the timing, you can follow Nanxi. Nanxi will analyze in real-time in the village and provide the best entry point.
Combined with liquidation data, the market is currently 'cleaning out the bulls.'
Look at the liquidation data of Audiera, 5.42 million USD was liquidated in 24 hours, both long and short are miserable, but the short positions are slightly more liquidated. What does this indicate? It indicates that the market is still in a choppy washout, both longs and shorts are being harvested. If BEAT follows similar sentiment, then sharp rises and falls will be the norm. If you don't catch the rhythm, you will be the one being harvested.
Everyone's position size is different. It is recommended to find Nanxi and become a villager of Nanxi, synchronizing to enter the market and build positions. Nanxi will help you plan your positions and control risks!
What should you do now?
Don't chase high: a surge is an opportunity to short, especially near 3.45.
Small position to test the rebound: if it drops below 2.5, you can take a small position to catch a rebound, but be sure to set a stop loss.
Overall direction is bearish: unless there is a volume breakthrough at 3.45 and it stabilizes, all rises are considered bait.
Emotional management: don't shout bull when it rises and collapse when it falls. Stay calm to survive to the end.
I will announce the specific direction and points in the village. If you want to join the Nanxi villagers in battle, find a seat in the village!
The market will never close; opportunities are always there.
But only those who survive can wait for the next bull market.
I am Nanxi, follow me, and let's wait for the wind to come.
