Brothers, I am Hongcai. Recently, the movement of BEAT feels like a roller coaster; looking at the 4-hour chart, it still seems to be rising, but the MACD has quietly formed a 'death cross' underwater! This is like when your heart suddenly goes out of rhythm while running; on the surface, you're still sprinting, but your body has sounded the alarm. Now the most critical question arises: can it still surge to a new high of 4.5? Or will it suddenly turn around here at 3.3, plummeting to 1.64 or even 1.12?
News
Although BEAT doesn't have direct major news, look at the explosive rise next door, with 1,380,000 USD liquidated in 4 hours, and the short liquidations are three times that of the longs! What does this indicate? In a rapid upward market, the sentiment is extremely euphoric, but the corpses of the bears are precisely the biggest risk warning sign of a bull market. Once the bullish momentum fades, the collapse will be more severe than anticipated. The potential risk of BEAT lies within this extreme market sentiment.
Technical analysis
Charts don’t lie. Although the price is still high, the MACD 'death cross' is a strong signal that cannot be ignored: the upward momentum is weakening, and the pressure for a pullback is huge. The key position is very clear:
Upper resistance: 3.3 is the recent dividing line of strength, 4.5 is the previous dream high.
Lower support: 1.64 is the first line of defense that must be defended, while 1.12 is the final bottom line.
The red bar turning green and the volume shrinking indicate that buying interest is beginning to hesitate.
My viewpoint
In the financial market, when it should rise but doesn't, be careful. When a technical 'death cross' signal appears, it often means a trend is nearing its end. For BEAT, my personal core viewpoint is: this is definitely not the time to mindlessly chase prices, but rather to advance and retreat, prioritizing profit locking. The real second entry opportunity is likely to occur after it fully retraces to the 1.64-1.12 range and a clear stop-loss signal appears.
What should players do?
Different situations require different strategies:
If you have already made a significant profit: now is the best time to reduce your position. Near the price impact of the 3.3 resistance level, sell at least 30%-50% to recover your principal and let the profits run. Avoid greed.
If you just chased the high or are stuck: strictly set a stop-loss. You can place the stop-loss below the key support at 1.64. If the price breaks below 1.64 with high volume, do not hesitate, decisively reduce your position.
If you are on the sidelines: refuse to chase high! Wait for it to drop to the 1.64-1.12 range, observe whether the decline is losing momentum, then consider gradually positioning with small amounts.
The most dangerous time in the market is not when you miss out on opportunities, but when you charge in heavily at the end of a trend. Do you always get excited only at the end of a bull market, yet feel lost at the beginning of a crash?
Follow Hongcai, I will teach you to identify such 'top divergence' danger signals and master the art of safe retreat in a surging market. Preserving your principal is always your first lesson in this market. Hongcai is waiting for you in the chat room 👇 to rationally respond to every surge and drop.
