This $BEAT is currently not performing very well.
The previous wave quickly escalated to 4.5, which was a phase of emotional acceleration. After the sharp rise, it was evident that the volume could not be sustained, directly transitioning into high-level distribution.
Now the price has broken below multiple moving averages, with MA7 and MA30 all turning downwards. Any rebound basically provides an opportunity for you to exit.
The Bollinger Bands are also quite clear, with the price having dropped from the upper band back to the middle and lower bands. Currently, it is running close to the lower side of the middle band, indicating that the trend has shifted from strong to relatively weak.
After the MACD high-level dead cross, green bars have continued to appear, indicating that momentum is diminishing, making it difficult to achieve a decent rebound in the short term.
Key support to watch below is around 1.9. If this level cannot be held, it is likely to continue down to 1.6 or even lower to find support. The resistance above is between 2.3 to 2.5, and without an increase in volume, it is hard to break through.
Overall, do not rush to catch the bottom. Before the trend stabilizes, it is better to do less rather than forcefully hold on. Waiting for a signal that stops the decline will be safer. 痞老板的小家庭
Keep watching: $pippin $ZEC
