⚠️ $BEAT | Opportunity to sell after excessive rise ⚠️$BEAT
Current price: 2.4256$
Percentage increase: +57%
Last candle: Red ❌ (Start of correction)
The currency $BEAT experienced a very strong and rapid rise, and after this sharp increase, a clear red candle appeared, which is usually a signal that the upward momentum is starting to weaken and the price correction is about to begin.
📌 Entry strategy (Sell):
Direct sell: 2.40$ – 2.48$
Add-on sell (optional): 2.55$ – 2.65$
🎯 Profit-taking targets:
First target: 2.10$
Second target: 1.85$
Third target: 1.60$
🛑 Stop loss:
Close above 2.75$
📊 Technical analysis in brief:
Increase of +57% in a short time = Overbought
First red candle = Exit of smart liquidity
Breaking the nearby support will accelerate the drop
📉 Not every rise is a buying opportunity… sometimes it can be an ideal selling opportunity
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