2026-01-07 00:23:39

BEAT currently shows weak technical performance, with the first-line support already broken, and subsequent market pressure is clearly increasing. Looking at the trend, you can feel that the RSI has fallen into a deep oversold area, which usually indicates the possibility of further downside in the short term.

More notably, the moving average alignment is fully bearish, arranged in a waterfall pattern from top to bottom, indicating that the bullish momentum has basically dissipated. Buying participation is extremely low, and market selling pressure is significantly greater than buying support.

A downward channel has already formed, with the price continuously declining within the channel, and the bottom is not visible for now. In this situation, following the trend is key—shorting in line with the downward trend is a relatively more controllable risk approach. The current price is around 0.5897, and from a technical perspective, going short at the market price might be a worthwhile option to consider.

In the short term, this pattern is unlikely to reverse, as the trend’s strength remains evident.

BEAT-12.72%

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DYORMaster

· 20h ago

The bearish pattern is so obvious, and the RSI is deeply oversold, yet I really can't see the bottom. Once a breakdown starts, it can't be stopped. To put it simply, the bottom-fishing rhythm hasn't arrived yet. The moving averages are in a waterfall arrangement... It does look a bit hopeless, but at times like this, you need to stay calm and not get caught off guard. The price level of 0.5897 is indeed tempting for short positions, but I want to see if there's a rebound opportunity. Is there really no one willing to take the other side? When will this be dumped...

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ParallelChainMaxi

· 01-07 17:06

Looking at RSI in deep oversold conditions, it feels like the bottom is coming, doesn't it? At times like this, you need to be extra cautious. The bearish alignment is really fierce, but I always feel that extreme pessimism often presents an opportunity. Should I short at 0.5897? Or wait to see if there's a rebound first? This round of decline has been really harsh, but don't be scared off by technical indicators; history always repeats itself. It seems like everyone entering short positions now is just waiting to get stopped out. Let's wait and see, brothers. So what if it breaks the level? A rebound can still lead to gains; the key is not to chase the high. In such extreme conditions, I actually want to buy the dip. Who knows? Although the technicals are poor, the true bottom usually won't tell you in advance. People entering now are really brave. I'll just wait and watch for a while.

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LiquidationWatcher

· 01-07 00:45

nah beat's getting absolutely massacred rn... that RSI reading got me sweating, been there before and trust me, it doesn't end well. not financial advice but... watch your health factor if you're holding bags here

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GasFeeGazer

· 01-07 00:39

Another short position recommendation? I need to take a look at this wave before deciding. Can it really hold at the 0.58 level?

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airdrop_whisperer

· 01-07 00:35

Uh... Another bearish outlook, it feels like the entire internet is calling for short positions. --- I've heard the RSI oversold argument a hundred times. Will it go up next time? --- Falling waterfall pattern? It feels like it's always a waterfall. When will it be an upward channel? --- The price of 0.5897 feels a bit虚, I think it needs to drop another round before bottoming out. --- The moving average is in a bearish arrangement and确实拉胯, but these times are usually the best opportunities to bottom fish. --- Large selling pressure with weak承接力... I said it early, those entering now are all cannon fodder. --- Following the trend with a short sounds simple, but when it comes to stop-loss, it's another story. --- Can't see the bottom and just shouting randomly, this套路得了吧. --- Are the bulls collapsing? Then when will the bears also散了啊? --- Another market order to short, these times are often signals to bottom fish.

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