Is $BEAT ‌ finally done bleeding or is this just another trap?

The way it bounced off that 0.29 area is interesting. We’ve been in a nasty downtrend for a minute, but this current daily candle is trying to swallow the last few days of selling pressure. It’s a decent sign of life.
The next real test is the 0.42 level. If we can’t break through that, we’re probably just forming a lower high before heading back down to test the recent lows. Volume is okay, but I’d like to see a bit more conviction from the buyers here.
I'm sitting on my hands for another few hours to see how this daily closes. No point in chasing a green candle if the trend hasn't actually shifted yet.
What are you guys seeing on the lower timeframes?

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