My current judgment on $BEAT is a single sentence: extremely dangerous at high levels, a halving is not frightening, it's a high probability path.
First, let’s clarify one point: this position isn't about 'can we still chase', but rather, what will the market maker use to catch you if you enter now?
The previous segment was a straight upward movement, with emotions, heat, and funds all being squeezed out; those who should have entered the market have long been filled at lower levels. What remains now is just the hesitant and unwilling positions at high levels.
From a structural standpoint, the 4-hour chart has clearly weakened.
You will notice a detail: each rebound is becoming increasingly difficult, the highs are lowering, while the trading volume is expanding. This is not a signal for continued upward movement, but rather a typical sign of 'unable to push higher, only able to gradually exit'.
Many people will now say:
'If it hasn't broken, how can we be bearish?'
I tell you, the truly dangerous market conditions are always before a breakdown. By the time you see a large bearish candlestick, it’s already too late for a stop loss.
Now let’s talk about support.
Around 3.3, there are indeed people supporting, but once it is broken with volume, there is almost no decent support zone below. That kind of movement is not a slow decline, but a continuous stampede-like drop, falling wherever it may.
So I won't paint a rosy picture for people at this position.
This market is either distributing at high levels or it’s the last segment of a baiting move.
If you ask me how far I can see?
I can only say, the space below is much larger than above.
If you are still anxious about which coins to trade in the current market, if you are still emo about missing out or being trapped, stop overthinking it! Chatroom speed
Intraday focus: H JELLYJELLY PIEVERSE LYN IR XPIN BEAT
