Brothers, I am Mig
Today many people asked me how BEAT is doing, is it about to take off? I've been staring at this 4-hour chart for a long time, let's skip the small talk and get straight to the point!
First, let's look at the technical side:
BEAT is currently hovering around 2.82, with a mountain above it—3.1 is high pressure, and 3.0 is rebound pressure. Below? 2.09 is the pullback support, and if it's more fierce, the bottom support is at 1.69.
The MACD yellow and white lines are above the 0 axis, and the golden cross is still there, indicating that the trend is not broken. However, be cautious—it's marked next to it as 'overbought', which means the increase is a bit too fast, so don't rush to chase!
Mig's opinion: Although the overall outlook is bullish today, I feel that rushing to 3.1 is a bit difficult. The position at 2.82 is crucial; if it can hold steady, it might touch 3.0. But if the volume doesn't keep up, it could very likely rise and then fall back, looking for support at 2.2 or even 2.09. As for 1.69? That's the bottom line, and it's unlikely to reach today unless the market crashes.
What should retail investors do?
If you're heavily invested: Reduce your position when the price rises! It's better to earn less than to be trapped.
If you want to enter the market: Place an order at 2.2 for the first batch and at 2.09 for the second batch; don't chase the highs!
If you're out of the market: Watch the show today! The market won't complete in a day; missing out is better than making a mistake.
There are no gods in the crypto world, only signals and discipline. The reason I'm daring to analyze this today is that I have a set of 'volume-price matching judgment methods.' If you're afraid of missing out or being trapped, follow me. I share real market insights in the village every day, no hype, just the truth.
Remember: The market is revealed, not guessed. Let's watch the signals together and take it steady!
