🚨 I just opened a $50,000 short position on $BEAT 📉
A few days ago I opened a long on $BEAT and closed it with over $16,000 profit. The bounce played out exactly as expected.
Now I think the risk is on the other side.
$BEAT is trading around $2.4 after a massive run, but the interesting thing is that momentum is starting to slow down. The recent push higher failed to bring the same volume that we saw during the strongest part of the rally. At the same time, price is sitting right below the $2.47-$2.50 resistance area where sellers have already started showing up.
Another thing I don’t like is the risk/reward here. Even if $BEAT pushes toward $3, the downside potential looks much bigger, especially with the 21 million token unlock coming next month. Coins that pump this hard usually don’t move in a straight line forever.
For me, the levels to watch are $2.25, then $2.00 and possibly $1.80 if selling pressure starts increasing.
İlk 1.000$ kazanan takipçim @emreeyamac bana DM atıp ödülünü alsın. Tebrik ederim
Bitmedi bugün 1 kişiye daha 1.000$ vereceğim. Beğenip, yorumlara nokta koymanız yeterlidir. Seri..