Friends, look at $BEAT ! The current rate is 2.6192 USDT. Over the last 24 hours, the coin has shown an impressive growth of +38%, which has placed it among the top gainers among altcoins. However, the RSI on the daily timeframe reached 70.07 — this is a classic overbought zone, signaling a possible short-term pullback or consolidation.
Analytics: Such a sharp pump is often accompanied by increased volatility, especially with low-liquidity altcoins like BEAT (the project is related to the Web3 ecosystem, music/NFT, or gamified entertainment — details depend on the specific token). Volumes are increasing, but the RSI warns: bulls may take a pause to realize profits. If we hold above 2.50, a test of 3.00–3.50 is possible in a bullish scenario. If we break down — risks of a correction to 2.20–2.00.
Bullish scenario (long):
• Entry: current levels or a pullback $BEAT to 2.50–2.55.
• TP1: 3.00 (partially taking profits), TP2: 3.50.
• SL: 2.45 (about 6–7% from entry, considering volatility).
Bearish scenario (short or wait):
• Entry on breakout: $BEAT below 2.50.
• TP1: 2.30, TP2: 2.00.
• SL: 2.70 (4–5% from entry).
Risk management is essential: use no more than 1–2% of your deposit per trade! Move SL to breakeven upon reaching +10–15%. Volatility is high, SL 3–5% rounded.
Outlook: In a bullish market, the alt may continue to rally, but watch the RSI and volumes.
What do you think? Bulls or correction? Share your forecasts in the comments! 👇
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