$BEAT and $LIGHT are operated by the same trader!
The BEAT price is currently around 4.1446, closely touching the upper Bollinger Band, with significant compression of the upper space, technically entering the overbought zone.
Currently, the funding rate is -1.3902%, an extremely high negative funding rate, indicating that short positions in the market are highly concentrated. This is both a risk and a potential trigger for further violent squeezes. So it’s best to focus primarily on short positions!
My viewpoint is very clear: this is a typical short-term rally with the potential aim of team cashing out, and the price is already in a high-risk area. I do not recommend any conservative retail investors chase the price at this level.
In my recent continuous tracking of the microstructure of the market, I have confirmed at least three targets with similar potential. This type of market movement is not accidental but aligns with specific chip distribution and liquidity conditions as a technical opportunity. I will be making real-time layouts at 币安聊天室, expecting a potential space of 7-8 times!
