Looking at BEAT's 1-hour chart, this wave of market has skyrocketed from 1.66 to around 4.3, and it is now clearly facing pressure, with the Candlestick showing signs of turning down. The technical indicators are also signaling — the MACD has formed a death cross, and the KDJ is moving down synchronously, which makes this combination likely to create pullback pressure in the short term.
It is advised that everyone should not blindly chase highs, as the risk of entering the market is relatively high at this time. My personal thought is: if a rebound is seen in the range of 4.13-4.24, one can moderately establish defensive positions, with target levels aimed towards around 3.75-2.46. Of course, setting strict stop-losses is crucial; this is just a reference opinion.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
9 Likes
Reward
9
9
Repost
Share
Comment
0/400
pvt_key_collector
· 44m ago
Closed all positions at a high level
View OriginalReply0
SighingCashier
· 6h ago
Let's wait for a pullback before entering.
View OriginalReply0
BlockchainBrokenPromise
· 6h ago
Let's withdraw first and talk later.
View OriginalReply0
ProofOfNothing
· 6h ago
Even if you are bearish, you must set a stop loss.
View OriginalReply0
WalletManager
· 6h ago
This analysis is very on point.
View OriginalReply0
SigmaValidator
· 6h ago
The analysis is very on point.
View OriginalReply0
CryptoDouble-O-Seven
· 6h ago
Short Long Entry Timing
View OriginalReply0
GateUser-de9c6af8
· 6h ago
Are you still looking at Candlestick for alts? You really don't understand, do you?
Looking at BEAT's 1-hour chart, this wave of market has skyrocketed from 1.66 to around 4.3, and it is now clearly facing pressure, with the Candlestick showing signs of turning down. The technical indicators are also signaling — the MACD has formed a death cross, and the KDJ is moving down synchronously, which makes this combination likely to create pullback pressure in the short term.
It is advised that everyone should not blindly chase highs, as the risk of entering the market is relatively high at this time. My personal thought is: if a rebound is seen in the range of 4.13-4.24, one can moderately establish defensive positions, with target levels aimed towards around 3.75-2.46. Of course, setting strict stop-losses is crucial; this is just a reference opinion.