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BEAT has fallen more than 21% this wave, with a significant increase in trading volume, and the trend looks somewhat aggressive. Careful observation of the market indicates that this is not simply profit-taking; rather, it resembles a large-scale liquidation of long positions triggering a chain of selling pressure. The open interest data at high levels also confirms this.
From a technical perspective, BEAT has formed a clear downward trend structure. Both volume and open interest are high, which is a typical sign of long positions being swept out and selling pressure emerging. Although there is a rebound in the short term, each rally is quickly suppressed, and buying momentum is unable to build. This indicates that the downward momentum is still quite strong.
As long as the price does not hold above the 0.330 level, the downward trend will continue. Based on the current trend, the suggested short-selling strategy is: gradually establish short positions in the 0.300-0.310 range, with a stop-loss set above 0.330 (this is a hard support; if broken, exit the position), and target levels at 0.270 and 0.240 respectively.