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BEAT experienced a strong rally and reached a key resistance level, but buyers appeared hesitant, and selling pressure began to surface.
Go short on BEAT now.
Entry: 0.2140 – 0.2280
Stop Loss: 0.2300
First Target: 0.2076
Second Target: 0.2008
Third Target: 0.1909
The price stalled after hitting the upper Bollinger Band and a strong resistance zone formed by previous highs. Although the trend remains bullish, the overbought MFI and shrinking volume indicate a potential bearish divergence. The upward momentum clearly weakens in this area, which often signals that the bulls are exhausted and the bears are attempting a reversal. If the price cannot quickly break through this resistance zone, a pullback toward the support area of the moving averages is expected.
The opportunity to trade BEAT is here 👇