๐ $BEAT Weak Bounce Into Downtrend Supply
Price is recovering slightly after a deep selloff but remains below all major MAs, showing a clear downtrend structure.
โโ โฆ โโ
๐น Trading Plan (SHORT)
โข Entry: 1.25 โ 1.2750
โข TP1: 1.1850
โข TP2: 1.1280
โข SL: 1.3320
โโ โฆ โโ
โข Support levels: 1.1850 (local), 1.1200 (major structure)
โข Resistance levels: 1.2750 (pullback wall), 1.3350 (trend invalidation zone)
โข MA data: MA7 = 1.2341, MA25 = 1.5237, MA99 = 1.4952 โ all above price, reinforcing downward pressure.
โข RSI: RSI(14) = 37.9, still weak, confirming only a corrective bounce inside a broader bearish trend.
BEAT is bouncing into overhead supply after a sharp breakdown, giving a higher-probability short setup.
