$BEAT clear downtrend lately, no sugarcoating it. But I'm leaning cautious long here, going against the grain a bit since the trend's so bearish
On the volume side, I've noticed those recent candles packing some serious punch during the drops, like that 111M spike at the 1.3915 low. Feels like straight-up capitulation selling to me. And the capital flows? Yeah, they're bleeding out consistently—down 21.1M USDT in the last 24 hours and a whopping 52.5M over the week. Smells like institutions unloading their bags.
Price-wise $BEAT , the 4-hour charts are showing a bunch of long-wick rejections up near that 1.40 resistance level. Bounces around 1.145-1.167 keep fizzling out with weaker volume each time. That said, we're seeing what looks like a potential hammer at the 0.905 low—could be interesting, but I'm not jumping in without some solid confirmation.
For entry long $BEAT , I'd wait for a clean break above 1.1450 with decent volume backing it up, or maybe a solid rebound from the 0.905-0.855 support if we get some RSI divergence popping up.
Stop loss wise, I'd set it about 3.5% below entry, right under that 0.8550 break to play safe.
Targets? First one's 1.4310 for around 34% upside, and if it runs, stretch to 1.7430 for 63%.
This is riskier than usual in a downtrend. Definitely wait for real reversal signs before pulling the trigger, and keep your position size small. Anyone seeing the same setup? #beat #BEATUSDT #Audiera