I am Nanxi, a seasoned player who is used to the highs and lows in the market. Today, I will help you peel back the lively surface and see what BEAT is really selling at its core. This might be the key lesson to avoid becoming a bag holder.
First, let's look at the news:
BEAT surged 57% today, reaching 4.55, the highest increase across the network. Do you feel like you've missed out on another hundred million? Don't worry, rapid rises often come with significant risks.
If you don't know how to combine news analysis, you can follow Nanxi, who will provide real-time analysis in the village and give the best entry points.
The dangerous signals behind the madness, do you understand them?
Looking at this four-hour chart, the price is currently stuck around 3.52. Although today's increase is astonishing, the overall trend is still in a downward channel. What's more concerning are two details: first, the MACD's yellow and white lines, after struggling to climb above the 0 axis, show obvious signs of a 'hook,' which is a precursor to a death cross; it's like pressing the brakes right after accelerating a car. Second, the trading volume at the bottom actually shrank while the price was rising. What does that indicate? It suggests that the main force might be singing to itself, and the power of the 'retail investors' following in is insufficient, rendering the foundation for the rise unstable! But the truth is often hidden in the details; this is just the beginning.
My view is very clear: in a downtrend, any rebound is an opportunity for you to exit or arrange a short position, not a reason to chase the rise. Why? Because the trend is your friend. Acting against the trend is like trying to catch a flying knife with bare hands; catching it is luck, but failing is the norm.
How exactly to operate? I will draw you two lifelines.
Listen carefully, this is the key information. The upper levels of 3.8 and 4.7 are two solid resistance walls. Especially at 4.7, it's a key resistance near the previous high. If the price rebounds to the 3.8-4.0 area but the volume doesn't keep up, that will be an excellent point for observing a high short. Our short-term target can first look at the support at 3.0. In other words, the main short-term strategy is to find opportunities within the 3.8-3.0 range; if the rebound is weak, go short, and if it drops to support without breaking, you can lightly position for a small rebound. As for 2.3, it is a potential stage bottom that this downward trend may reach, but that's a discussion for later.
Knowing the points is just the first step; knowing when to take action, finding Nanxi, and combining your position with market news and technical aspects, gives you a stable point to avoid the risk of liquidation and achieve a successful turnaround sooner!
For volatile coins like BEAT, using a small position for trial and error while setting stop losses is the way to survive long-term. If you get stuck, don’t stubbornly hold on; recognize your mistakes. Wealth is never gained through a single big gamble, but through countless small profits and strict control of large losses. Want to know how Nanxi perfectly helps fans profit every time? Find Nanxi, follow the strategy, and you can too.
If you find this analysis useful, please follow me. I will continue to track the dynamics of BEAT and share more practical trend judgment methods and position management skills in the village at the first opportunity.
