BEAT's current trend provides a relatively clear signal. From the 1-hour K-line, the price has effectively broken below the previous trendline support, and there is no obvious rebound intention observed afterward. Looking at the 15-minute cycle, the previous consolidation range has also been broken through, indicating that the signs of pressure are gradually being confirmed.
In this context, the entry point for short positions becomes clearer. The stop-loss can be set near the trendline, which can both control risk and avoid being knocked out by minor rebounds. As for take profit, setting the target at 0.668 is a more prudent choice, as there is still potential for downward space to be released.
The consistent bearish signals formed across different timeframes are often more reliable references. The current pattern is a typical bullish breakdown, and further downside risk should indeed be watched carefully.
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GamefiHarvester
· 5h ago
The short position opportunity is grasped; just waiting to break 0.668.
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BearWhisperGod
· 5h ago
Short position entered, betting on 0.668
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RatioHunter
· 5h ago
BEAT has indeed opened up the space this time, and the bulls have conceded.
BEAT's current trend provides a relatively clear signal. From the 1-hour K-line, the price has effectively broken below the previous trendline support, and there is no obvious rebound intention observed afterward. Looking at the 15-minute cycle, the previous consolidation range has also been broken through, indicating that the signs of pressure are gradually being confirmed.
In this context, the entry point for short positions becomes clearer. The stop-loss can be set near the trendline, which can both control risk and avoid being knocked out by minor rebounds. As for take profit, setting the target at 0.668 is a more prudent choice, as there is still potential for downward space to be released.
The consistent bearish signals formed across different timeframes are often more reliable references. The current pattern is a typical bullish breakdown, and further downside risk should indeed be watched carefully.