BEAT has been falling continuously for 20 days since the peak last month on the 22nd, with a decline approaching 90%. The most heartbreaking part is that in the past 10 days, it has dropped another 80%, leaving no room for a breather.
However, from a technical perspective, the 1-hour K-line has already shown the early signs of a double bottom pattern in the bottom area, which is a noteworthy signal. After such a deep decline, historical experience tells us that the rebound strength is usually quite fierce—the principle that extremes will reverse applies just as much in the crypto world.
From a trading standpoint, consider gradually building a long position:
**Target level**: First aim for the 0.58 level; once reached, consider the second target. For now, focus on a short-term rebound.
**Risk control bottom line**: If the 4-hour closing price falls below 0.42, accept the loss and avoid any wishful thinking.
Friends who want to enter the market can go long at this position with a market order, but remember to set a stop-loss.
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notSatoshi1971
· 01-11 20:50
A 90% drop? Isn't a rebound inevitable?
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GasFeeCrier
· 01-09 10:24
90% directly wrecked, how strong must one's mentality be to withstand that?
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MEVictim
· 01-09 05:59
90% is gone directly, this is the crypto world. Where's the so-called "extreme reactions" that were promised?
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SchroedingerAirdrop
· 01-09 05:58
90% have already fallen, is there still hope...
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Double bottom just to turn around? Why do I feel it's a fake bottom?
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0.58? Wake up, brother, you're dreaming.
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Another story of "extreme reversal," where are the coins that were said this way last time?
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Stop loss at 0.42? I think bankruptcy might be at 0.2.
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DCA? I advise you not to bother.
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I really don't understand this kind of coin. Who dares to buy the dip?
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Still buying the dip after an 80% drop? Are you just giving away vegetables?
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Wait, is this another pump-and-dump coin? We played this last year around this time.
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Set a proper stop loss, set a proper stop loss, easy to say.
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AirdropGrandpa
· 01-09 05:52
90% decline, how desperate is that, but the double bottom formation is indeed interesting.
Let's take a gamble, anyway it's already smashed this far.
The saying "extreme conditions will reverse" sounds a bit exaggerated; what if it keeps crashing?
Stop-loss must be disciplined, or you'll suffer huge losses without negotiation.
If this wave rebounds, it could really be fierce; it all depends on whether it can hold until 0.58.
Why is BEAT so disappointing? Is there any hope, brothers?
Is it really reliable to buy in batches? The bottom signals still don't seem clear enough.
0.42 is the life and death line; if broken, admit defeat and get out.
A double bottom at the bottom sounds good, but I don't trust the crypto world’s signals; there are too many false signals.
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BlockchainBard
· 01-09 05:52
A 90% drop is really incredible. Who didn't cut their losses in this wave?
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BearMarketBro
· 01-09 05:43
90% of the decline has been absorbed. If this rebound crashes, I'll just liquidate everything.
BEAT has been falling continuously for 20 days since the peak last month on the 22nd, with a decline approaching 90%. The most heartbreaking part is that in the past 10 days, it has dropped another 80%, leaving no room for a breather.
However, from a technical perspective, the 1-hour K-line has already shown the early signs of a double bottom pattern in the bottom area, which is a noteworthy signal. After such a deep decline, historical experience tells us that the rebound strength is usually quite fierce—the principle that extremes will reverse applies just as much in the crypto world.
From a trading standpoint, consider gradually building a long position:
**Target level**: First aim for the 0.58 level; once reached, consider the second target. For now, focus on a short-term rebound.
**Risk control bottom line**: If the 4-hour closing price falls below 0.42, accept the loss and avoid any wishful thinking.
Friends who want to enter the market can go long at this position with a market order, but remember to set a stop-loss.