The price of BEAT has just dropped sharply from the area of 2.49 to 1.45, breaking through the short MA and returning to the old support structure. Its volume exploded during the dump, indicating strong selling pressure. After such an extreme decline, the market usually enters a retest phase or continues to go down.
📉 Entry SHORT (safer & more dominant)
Big drop + MA7/25 broken = cleaner short.
Entry: 1.55 – 1.60 (MA25 retest zone & minor resistance)
SL: 1.67
TP1: 1.40
TP2: 1.32
TP3: 1.25
📈 Entry LONG (for a quick rebound)
Long is only for the bounce scenario after being oversold.
Entry: 1.42 – 1.45 (current demand zone)
SL: 1.37
TP1: 1.52
TP2: 1.60
TP3: 1.72
🔎 Conclusion
BEAT is still under strong pressure after failing to maintain the area of 2.4–2.5. As long as the price has not returned above 1.60, short remains the main opportunity. Long is only for aggressive traders looking for a quick bounce from the demand zone of 1.42–1.45. Be disciplined at levels and do not chase candles after a big dump.
$BEAT
BEATUSDT
Perp
2.2497
+42.91%