$BEAT done TP2, let's take profit everyone😆
BEATUSDT
Perp
2.2727
+22.11%
James - Pump Trading
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Bearish
🎯 The downtrend is strengthening – $BEAT 🎯
Entry Zone: 2.18 - 2.38
Stop Loss: 2.5
Take Profit Targets:
∙ TP1: 2.05
∙ TP2: 1.92
∙ TP3: 1.78
🔥 Bearish reasons:
The price just tested the resistance zone at 2.27 and was strongly rejected, forming a lower high pattern on the 4h timeframe. The structure is very weak as the price action continuously creates lower highs and lower lows, indicating that selling pressure is dominant.
With the RSI in the neutral zone and not yet oversold, there is still plenty of room for the price to continue adjusting towards lower support zones. If the 2.20 zone is broken with increased volume, it is highly likely to test the 2.05 zone and even further down.
{future}(BEATUSDT)
Entry Zone: 2.18 - 2.38
Stop Loss: 2.5
Take Profit Targets:
∙ TP1: 2.05
∙ TP2: 1.92
∙ TP3: 1.78
🔥 Bearish reasons:
The price just tested the resistance zone at 2.27 and was strongly rejected, forming a lower high pattern on the 4h timeframe. The structure is very weak as the price action continuously creates lower highs and lower lows, indicating that selling pressure is dominant.
With the RSI in the neutral zone and not yet oversold, there is still plenty of room for the price to continue adjusting towards lower support zones. If the 2.20 zone is broken with increased volume, it is highly likely to test the 2.05 zone and even further down.
{future}(BEATUSDT)
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