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$BEAT You're still opening short positions here, basically giving your money to the market as free liquidity! 🛑
Bears think they have full control since $BEAT coin hit a bottom at $0.5824, but they are heading straight into a terrible trap. Look at the hourly candlestick chart: RSI(6) has plunged deep into the oversold zone and reached a crazy level of 22.78! This literally means peak selling and that sellers are completely exhausted. The selling volume is drying up, indicating that the downward pressure has officially ended. I am opening long positions from these levels because the indicator is overextended, and a violent price surge to liquidate short positions and retest EMA levels is just a matter of time. If you snooze on this entry, you'll watch the upward trend go without you!
🎯 Entry: $0.5891
🚀 Target 1: $0.6150
🚀 Target 2: $0.6400
🚀 Target 3: $0.6650
🛑 Stop Loss: $0.5690
$BEAT
BEATUSDT
Perp