📉 $BEAT /USDT flips heavy after tagging the highs, sellers stepping back in on the retest 🔻
Breakout retest playing out clean as price rejects the supply zone and rolls back toward support
Short Trade Plan; 📊
Entry Zone: 2.830 – 2.860
TP1: 2.750
TP2: 2.650
TP3: 2.580
SL: 2.951
BEAT ripped hard off the 2.218 low into the 2.85-2.98 supply zone before stalling out and printing a sharp rejection wick down to 2.58. Price has since retraced back up into that same supply shelf, giving a clean breakout retest short setup with sellers defending the 2.85-2.95 zone.
Risk/reward sits favorable here at roughly 2.8:1, with the stop tucked tight above the 2.951 swing high and targets stacked back down toward the 2.58 demand zone where the last impulsive move originated. A rejection candle at current levels would confirm continuation lower.
Click here 👇 to Trade.
Breakout retest playing out clean as price rejects the supply zone and rolls back toward support
Short Trade Plan; 📊
Entry Zone: 2.830 – 2.860
TP1: 2.750
TP2: 2.650
TP3: 2.580
SL: 2.951
BEAT ripped hard off the 2.218 low into the 2.85-2.98 supply zone before stalling out and printing a sharp rejection wick down to 2.58. Price has since retraced back up into that same supply shelf, giving a clean breakout retest short setup with sellers defending the 2.85-2.95 zone.
Risk/reward sits favorable here at roughly 2.8:1, with the stop tucked tight above the 2.951 swing high and targets stacked back down toward the 2.58 demand zone where the last impulsive move originated. A rejection candle at current levels would confirm continuation lower.
Click here 👇 to Trade.