Looking at the $BEAT /USDT chart, the price has surged by 54.80%, currently sitting at 4.2501 after a huge rally from 2.6285. The price is now testing resistance around 4.5000, which could be a key level to watch for a possible reversal or breakout.
Entry Points:
If you're thinking about entering, the current price of 4.2501 might be a good spot if you believe the bullish trend will continue. But, if you’re more cautious, you might want to wait for a pullback to around 4.0182, which is a previous support level.
Stop Loss:
Place your stop loss below 4.0182, around 3.7500, to protect yourself in case the price reverses and falls below that support.
Take-Profit Levels:
1. The first target could be around 4.5000, which is the recent high and a key resistance point.
2. The next target could be 4.6417, just above 4.5000, where it might face more resistance.
3. If the bullish momentum continues, a higher target around 5.00 could be your next goal.
Should You Buy?
The price has been in a strong uptrend, and buying around 4.2501 could work if you're comfortable with the momentum. Keep an eye on the resistance at 4.5000, though. If it breaks that level, there's more upside potential. If you're cautious, waiting for a pullback to around 4.0182 would be a safer entry.
