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Entered into $BEAT 👍
Price is trading below both MA7 and MA25, and price is now testing the MA99 support zone around 2.40.
Critical Support: 2.38 - 2.42 (MA99)
Major Support: 2.20 - 2.25
Final Demand Zone: 2.00 - 2.05
The structure has weakened significantly after failing to reclaim the 3.00 - 3.20 resistance zone. Momentum is shifting bearish, and buyers need to defend the current area.
Bearish Scenario ⚠️
If price loses and closes below 2.38, downside targets become:
🔻 2.25
🔻 2.04
🔻 1.60 - 1.70 (if 2.00 fails)
A breakdown below 2.00 could accelerate selling pressure quickly.
Bullish Scenario 🚀
If MA99 holds and buyers step back in:
🎯 2.60
🎯 2.85
🎯 3.00 - 3.20
But for now, bulls need to prove strength by reclaiming 2.60+.
Cautiously bearish while trading below MA25 and MA7.
MA99 is the make-or-break level here. A successful loss of this support opens the door for another leg down.