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$BEAT USDT (1h) - Lower High Rejection & Range Play
Bias: Short
Entry (Zone): 0.6550 – 0.6650
Targets:
TP1: 0.6350
TP2: 0.6200
TP3: 0.6050
Stop Loss: 0.6850
Why this Setup:
I’m leaning short as the price has printed a significant lower high following its recent peak at 0.6944. The recent relief rally aggressively pushed back up to test the 0.6800 area but was quickly rejected by sellers, leaving a distinct red candle that broke back down into the local consolidation zone. With trading volume decreasing on green moves and sellers showing a strong presence near the local resistance levels, I expect the asset to continue fading down toward the lower boundary of its recent trading range.
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