✨$BEAT /USDT Update: Is This the Bottom or a Trap? ✨
The downtrend is brutal, but look at that low hit near $1.1187! 📉 We're seeing a slight bounce, but is it a genuine reversal or just a dead cat?
The bounce from the low is encouraging, but volatility is HIGH. Don't rush in!
🔑 The Critical Zone: We need to see sustained price action above $1.25 to confirm any significant strength.
🚨 Key Support/Stop: The absolute low at $1.1187 is the line in the sand. A break below that could mean new lows.
My Watchlist for a Bounce Entry:
Entry Wick: Watching for a re-test and strong rejection around the $1.15 - $1.20 zone again.
Initial Target: $1.32 (A low-risk scalp target).
Big Resistance: $1.45 - $1.50 (If we clear this, the pain might be over!)
The market is currently showing extreme fear. Be patient, wait for confirmation, and remember to use your Stop Loss! 🛡️
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