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Bet your principal: $BEAT will still rise, $PLAY will still fall.
First look at the data, $BEAT surged 56.71% today, with trading volume hitting 880 million, reaching a high of 9.8888, indicating both retail investors and hot money are疯狂加仓. From 5.99 at dawn to this level, it's clear that the main players haven't started to sell off, with a very high turnover rate and buying pressure still present. In the short term, 10.5 is a resistance level; after breaking through, the next resistance is at 11.2. Give me a 1-hour chart, as long as it doesn't break 9.2, the bullish pattern remains.
$PLAY is completely the opposite. I admit I previously underestimated its ability to plunge. It dropped 43% in 24 hours, from a high of 0.0764 all the way down to 0.0380, nearly halving. The trading volume of 150 million indicates panic selling hasn't ended, and buyers are showing no resistance. The support at 0.038 looks shaky, with only 0.035 below that. Who dares to bottom fish? Unless you have a disease of catching falling knives.
Operation suggestions:
$BEAT: Lightly buy at the current price of 9.48, set stop loss at 9.0, take profit in two levels: 10.0 and 10.8. Keep position size within 5% of total funds, don’t be greedy.
$PLAY: Absolutely do not go long. For aggressive shorts, enter at 0.039, stop loss at 0.042, take profit at 0.035. For conservative traders, just watch.
I am that crazy person who watches the market at 4 a.m. every day, with only two rules: don’t trust emotions, only trust volume and price. If you think I’m wrong, screenshot and prove me wrong at the open tomorrow— but I tell you, $BEAT is very likely to stay above 10 tomorrow, and $PLAY will still struggle around 0.036. Don’t ask why, just because these data don’t lie. $