I’ve opened a short position on $BEAT , hopefully it won’t cause losses like yesterday.

🎯 SHORT SETUP – $BEAT 🎯

Entry Zone: 3.92 - 4.35
Stop Loss: 4.50
Take Profit Targets:
∙ TP1: 3.68
∙ TP2: 3.00
∙ TP3: 2.57

🔥 Bearish Justification

Price exploded 49.83% today reaching a peak of 4.3760 but has already been rejected sharply, now trading at 3.9135 with clear exhaustion signals. The parabolic rally from 1.92 to 4.37 in just hours represents a classic blow-off top structure, and current consolidation below the high shows buyers are losing momentum while early entries begin taking profits.

Volume analysis reveals extreme selling pressure with 64.28% sellers overwhelming 35.72% buyers, indicating distribution is already underway. The MA(7) at 3.86036 is extended well above MA(25) at 3.26854 and MA(99) at 2.56173, creating massive divergence that historically leads to mean reversion. Volume spikes on the decline confirm institutional profit-taking at these elevated levels.

This setup offers exceptional risk-reward because the 4.37 top has multiple rejection wicks showing strong resistance, while nearest structural support sits at 3.40 then 3.00 where previous consolidation occurred. Liquidity pools remain unfilled from the initial breakout between 2.50-3.00, acting as magnet zones. The 30-day gain of 301.77% makes this severely overextended, and late FOMO buyers trapped above 4.00 will likely panic sell once support breaks.​​​​​​​​​​​​​​​​
{future}(BEATUSDT)