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Bull markets look at sentiment, bear markets look at strength
$BEAT Chasing longs now is just giving others fuel (unless you're ultra short-term)
Star's opinion:
BEAT's candlestick has returned to the lower band resistance zone; KDJ death cross diverges, J value at 43 still relatively high, liquidation chart shows accumulation in the 9.05—5.3 range with 18.76 million dollars in long positions at risk of forced liquidation, the market maker is very likely to "attack longs first, then induce short positions."
Star's trading strategy:
Aggressive: Enter short positions directly around the current price of 9.3, add positions around 10.2
Conservative: Wait for the market to concentrate around 10 to enter short positions. (Blindly copying trades is risky, pay attention to specific entry and stop points, follow + comment)