BEAT has experienced a strong rally followed by a wide-ranging consolidation, and recently formed a clear head and shoulders top pattern. This critical level has been broken with increased volume, and the technical signals confirming a trend reversal are quite clear. It seems that downward pressure will continue to be released, and interested friends can pay attention to this wave of decline opportunities.
In the short term, the lower band of Bollinger Bands is around 1.19, which has become the first important target area. The volume support makes this breakdown more credible, and the probability of limited rebound space is high. If you are interested in a bearish approach, the current technical signals are still worth monitoring.
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Whale_Whisperer
· 14h ago
Head and shoulders breakout this wave, feels like it will drop to 1.19, with such volume support it doesn't seem like a false signal
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Another technical reversal? It seems like the same old story...
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The bearish window has opened, let's see the true nature at the lower band
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A volume-driven breakdown like this usually isn't gentle, keep watching
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Bollinger Bands tell us it's time to act, interesting
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ForumMiningMaster
· 19h ago
Has the head and shoulders top broken out? I saw it coming long ago, just waiting to buy the dip.
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The 1.19 level must hold, otherwise it's really going to break down.
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The bearish signals are so clear, why hasn't it dropped to the target yet?
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With volume supporting, this wave down feels quite fierce. Be careful not to get caught.
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Is the rebound space limited? Then I’ll wait until it drops more before getting in.
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The technical indicators confirm a reversal, but with so many scams on exchanges, who knows what’s real.
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If 1.19 doesn’t hold, it will enter free fall. That will be the real opportunity.
View OriginalReply0
ForkMaster
· 19h ago
The head and shoulders breakout story has been heard too many times. Every time, it's said to be a confirmed signal. But what happened? Anyway, I don't chase after this kind of thing. The money for raising kids can't handle the fuss.
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gas_fee_therapist
· 19h ago
Head and shoulders top breakout is so obvious, let's see if 1.19 can hold.
BEAT feels like it's about to drop out in a bloodbath, the trading volume is really intense.
Did it break through the support? I feel like it might rebound...
Here we go again with the bearish idea. Last time I said this, I got trapped haha.
The 1.19 level was analyzed quite thoroughly, just worried it might be a false breakout again.
Is there a chance for a downtrend? Honestly, I still can't see through this market.
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GasWaster
· 19h ago
Head and shoulders breakdown pattern has been seen too many times. Can it really drop to 1.19 this time? Feels like a scythe warming up again.
Even if the bears are strong, volume must speak. I think it's better to stay on the sidelines for now.
Breakdown and breach? Uh... last time it was said the same way.
Is 1.19 really a support? I wouldn't be surprised if it drops through instantly.
Volume cooperation... I don't see where it’s cooperating.
To be honest, no matter how clear the technicals are, black swan events can’t be prevented. Better to be cautious.
View OriginalReply0
ThePathToRecouping5000U.
· 19h ago
Idiot, altcoins, if you want to pump, pump; if you want to dump, dump. Just do it quickly without all the fuss.
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CodeSmellHunter
· 19h ago
Head and shoulders top breakout? This move is definitely worth watching. The 1.19 line also seems unlikely to hold.
Are the bears not in yet? The technical signals are indeed clear now.
Another key level broken through, with volume supporting this move, it’s solid.
The breakout is so obvious, there’s really not much to expect from a rebound.
The downtrend has arrived. Friends looking for a bottoming opportunity, pay attention to this wave of momentum.
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ServantOfSatoshi
· 19h ago
Head and shoulders top broke out, see you at 1.19
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Honestly, this signal is quite clear, and the volume supports it. The bearish outlook can indeed be followed.
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Another decline opportunity is coming. Feels like BEAT is moving a bit too fast.
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Breaking through so decisively, the rebound space is really locked in.
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There should be some action around 1.19, worth paying attention to.
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Such an obvious head and shoulders pattern didn't hold up. The probability of going down is really high.
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Volume supports the breakout; this time is different. Consider a short position.
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It feels like this decline has just begun, there’s more to come.
BEAT has experienced a strong rally followed by a wide-ranging consolidation, and recently formed a clear head and shoulders top pattern. This critical level has been broken with increased volume, and the technical signals confirming a trend reversal are quite clear. It seems that downward pressure will continue to be released, and interested friends can pay attention to this wave of decline opportunities.
In the short term, the lower band of Bollinger Bands is around 1.19, which has become the first important target area. The volume support makes this breakdown more credible, and the probability of limited rebound space is high. If you are interested in a bearish approach, the current technical signals are still worth monitoring.