BEAT has experienced a significant pullback from the high of 3.09, with technical indicators showing clear resistance. The 1-hour K-line continues to decline, presenting a bearish alignment, which is a signal that needs attention. Meanwhile, the funding rate remains positive, reflecting that retail investors chasing longs are still not few.
From the market perspective, the current price hovers around 2.88, which has become a critical decision point. Continuing to hold long positions or chase longs at this level carries relatively higher risk. Conversely, considering a short position in this price range might be a more rational choice. Setting a stop-loss above 3.09 can effectively avoid the risk of repeated shakeouts.
Regarding technical targets, first focus on the support level at 2.7. If this level cannot hold, the next target is 2.5. Such cascading target settings can help traders manage their positions more clearly.
It is important to remind that any trading decision should be accompanied by risk management awareness. Retail investors should be especially cautious about the temptation to chase gains or cut losses in highly volatile tokens like this. Waiting for confirmation signals before entering is often more prudent than rushing in.
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ChainDoctor
· 10h ago
Retail investors are again chasing longs, and the fee rate is still positive. Be cautious this time. I think we should wait for a signal at the 2.88 level; otherwise, it’s easy to get shaken out.
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BrokeBeans
· 10h ago
You're trying to shake out the market again, huh? Retail investors are all trapped above. Sigh.
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ChainMemeDealer
· 10h ago
Another round of shakeout, I really didn't expect retail investors to still be chasing longs.
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bridge_anxiety
· 10h ago
Same old story, buy the dip at 2.88? I think it's a gamble. Retail investors chasing longs with high fees still going strong, which means some people haven't woken up yet.
BEAT has experienced a significant pullback from the high of 3.09, with technical indicators showing clear resistance. The 1-hour K-line continues to decline, presenting a bearish alignment, which is a signal that needs attention. Meanwhile, the funding rate remains positive, reflecting that retail investors chasing longs are still not few.
From the market perspective, the current price hovers around 2.88, which has become a critical decision point. Continuing to hold long positions or chase longs at this level carries relatively higher risk. Conversely, considering a short position in this price range might be a more rational choice. Setting a stop-loss above 3.09 can effectively avoid the risk of repeated shakeouts.
Regarding technical targets, first focus on the support level at 2.7. If this level cannot hold, the next target is 2.5. Such cascading target settings can help traders manage their positions more clearly.
It is important to remind that any trading decision should be accompanied by risk management awareness. Retail investors should be especially cautious about the temptation to chase gains or cut losses in highly volatile tokens like this. Waiting for confirmation signals before entering is often more prudent than rushing in.