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The $BEAT scam pump is facing major resistance
Probably not the worst area to open a short position
But keep in mind that a lot of people are currently shorting, and the pump could easily go even higher due to short squeezes
The two best strategies for shorting these kinds of scam pumps:
The low risk approach, using 1x leverage with extra capital in reserve to increase the position size if the price gets closer to the liquidation level
Or waiting for the blow off top and then shorting the complacency bounce