$BEAT -40% - Violent Rejection from Highs
From 3.24 to 1.71 in a brutal sell-off. The uptrend is broken. This is a classic "buy the rumor, sell the news" dump.
Key Levels Now
· Broken Support: 1.7291 (EMA15) – now resistance.
· Next Support: 1.6100 (24h Low), then 1.5000.
· Strong Resistance: 1.9478 (EMA9), 2.1834.
Strategy: Wait or Short
· Avoid longs. Trend is down.
· Short on Bounce: Sell near 1.85 - 1.90 if price retests the broken EMA.
· Stop Loss (Short): Above 2.00.
· Target: 1.61, then 1.50.
Volume is huge on the drop—institutional-sized selling. This isn't over.
⚠️ High risk. Not financial advice. This is a trend reversal in progress. Protect capital.
Hard reset. Are you waiting for a bottom, or looking to short the next bounce? 👇
#Write2Earn #BEAT #Breakdown #USNonFarmPayrollReport #USJobsData $FOLKS
