$BEAT
closely, and it’s showing signs of a short-term bounce after heavy liquidation. The RSI is deep in the oversold zone, sitting at 20.78, which suggests buyers could step in soon. The MACD is negative, but selling momentum is weak, and the price is trading around key support near 1.52–1.55. EMAs show the trend was bearish, but a relief move is likely after recent liquidations.
Trade Setup – Long
Entry Zone: 1.52 – 1.55
Targets:
TP1: 1.60
TP2: 1.65
TP3: 1.70
Stop-Loss: 1.40
I’m taking this setup because heavy longs were recently liquidated near 1.39, clearing leverage and creating space for buyers to push price higher. The entry zone aligns with strong chart support and the liquidation area, giving a favorable risk/reward.
This trade works because the market is in a relief bounce setup: selling pressure has eased, oversold conditions indicate a potential rebound, and structure near support favors buyers stepping back in. As long as price holds above 1.52, the setup remains valid, and the targets provide a clear roadmap for taking profits.
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