$BEAT — Short Setup

BEAT saw a sharp rebound of nearly 50% earlier today, but that move now appears exhausted. Price has started to roll over, and the 1-hour chart is showing a clear sequence of lower highs and lower lows, signaling growing bearish pressure.

On the daily timeframe, momentum is fading and the structure is close to flipping from bullish to bearish. After rallying from the 0.67 level earlier this month, price still has plenty of room to correct.

Bias remains bearish — looking for continuation to the downside.