A week ago I said something that many people disagreed with:
“ $BEAT will probably go much higher first, destroy the shorts, create maximum FOMO, and only then come the real dump. ”
That’s exactly what happened.
BEAT went from around $6 to above $11, liquidated countless shorts, convinced everyone that $15-$18 was guaranteed, and then suddenly lost more than 50% of its value.
This is why I keep telling people that whale-driven coins don’t follow normal logic.
First they trap the shorts.
Then they trap the longs.
Then they move on to the next coin.
I’ve seen the same movie with $LAB, $RAVE , $SIREN , $COAI, $AUCTION and many others.
The reality is that most traders lose money because they start believing a coin can only go in one direction.
When was at $6, everyone wanted to short.
When it was above $11, everyone wanted to buy.
Both groups got punished.
The lesson is that when a few wallets control most of the supply, price becomes a game of psychology.
