🚨 $BEAT 1H PARABOLIC TOP DISTRIBUTION ⚡
🔴 SHORT SETUP
Entry: $4.15 – $4.30
Stop Loss: $4.75
TP1: $3.65
TP2: $2.95
TP3: $2.05
Technical Breakdown
BEAT has entered a clear parabolic extension phase after a +50% daily move, with price now trading far above its prior value area. On the 1H chart, upside momentum is losing efficiency as higher highs are met with heavier volume but weaker closes — a classic sign of distribution near the top. Multiple candles near $4.20 show long upper wicks, indicating aggressive sell pressure absorbing late longs.
On the 4H timeframe, price is heavily overextended relative to the base around $2.80–$3.00, leaving a large liquidity void below. Such vertical moves rarely sustain without a deep retracement. Lower timeframes are already showing choppy price action and failed continuation attempts. As long as BEAT stays below $4.30, this short bias remains valid — a clean reclaim and hold above $4.75 would invalidate the setup.
Bias remains valid until invalidated. Trade with risk management.
