Recently, BEAT's performance has indeed been less than ideal. Several days of decline have left many people unsure about the future trend. However, from a technical perspective, this wave of decline may have already reached an extreme, showing obvious oversold conditions.
From a bullish standpoint, this could actually be a good opportunity for a rebound. Gradually building positions in the range of 0.83 to 0.75, using small batches for follow-up, would be a more prudent approach. Set a stop-loss at the key support level of 0.7; if it breaks below, decisively cut losses.
Looking upward, the price levels of 1.2, 1.5, and 1.7 can serve as target points for partial profit-taking. Of course, this is all based on the premise that a genuine market reversal occurs. Currently, it's important to control position sizes, as the volatility in the crypto market is significant. Smaller positions will help manage risk more effectively.
Overall, BEAT's current oversold condition is indeed worth paying attention to, but the specific trading strategy should be determined according to your own risk tolerance.
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SnapshotDayLaborer
· 01-07 22:00
Overselling is an opportunity, but I’ll wait and see; 0.7 may not even hold.
It's the same old story, every rebound is said to be a reversal, but in the end, it still continues to fall.
I've heard this small batch multiple times over the past year, and it has never succeeded.
1.7? Let’s see if we can stay alive until 1.2 first, don’t go all in on the tickets.
BEAT still has some potential, but this wave really did trap people badly.
Stop-loss is very important, that’s true, but most people simply can’t do it.
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BearMarketSurvivor
· 01-05 11:12
Oversold rebound, I've heard this explanation too many times...
Again, breaking 0.7 to stop loss, and doubling at 1.7, it always sounds so beautiful
Is BEAT really reversing this time? Feels like just throwing a tantrum
Gradually building positions at 0.83 sounds stable, but if it drops suddenly to 0.6, what should I do?
Instead of obsessing over technicals, it's better to see if there are any changes in fundamentals
If this wave keeps repeating, I need to take a break
Where are the institutions? I haven't seen any signs of them taking over
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MEVictim
· 01-05 04:50
Oversold and it's over? Why does it look like it still has to keep falling...
BEAT this time is really a bit disgusting, even after a rebound, I still have to eat the loss
If it breaks 0.7, I'll just withdraw directly, not betting on this
1.2 is the real dream, anyone who believes it is fooling themselves
Small positions are indeed stable, I don't have the guts for large positions
Can this round reverse? I really have no clue right now
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GasGoblin
· 01-05 04:49
Oversold rebound sounds good, but I'll wait and see for now. This coin has been flipping faces too easily lately.
BEAT dropping again? My wallet is crying. Small amounts in multiple batches is a solid strategy, but the prerequisite is having bullets.
If it breaks 0.7, I'll run. I've experienced too many times not to trust this support level.
1.2? Dream on. First, see if it can hold steady above 0.75.
Whether this rebound will come or not is still a question. I'll reduce my position and observe for now.
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GateUser-b9a90f7f
· 01-05 04:45
Meet at the peak
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MerkleMaid
· 01-05 04:39
I've heard the oversold rebound argument too many times, and the result is always breaking support and continuing to crash.
Be careful not to catch the falling knife and end up as a bagholder.
Can 0.7 really hold? I'm skeptical.
Recently, BEAT's performance has indeed been less than ideal. Several days of decline have left many people unsure about the future trend. However, from a technical perspective, this wave of decline may have already reached an extreme, showing obvious oversold conditions.
From a bullish standpoint, this could actually be a good opportunity for a rebound. Gradually building positions in the range of 0.83 to 0.75, using small batches for follow-up, would be a more prudent approach. Set a stop-loss at the key support level of 0.7; if it breaks below, decisively cut losses.
Looking upward, the price levels of 1.2, 1.5, and 1.7 can serve as target points for partial profit-taking. Of course, this is all based on the premise that a genuine market reversal occurs. Currently, it's important to control position sizes, as the volatility in the crypto market is significant. Smaller positions will help manage risk more effectively.
Overall, BEAT's current oversold condition is indeed worth paying attention to, but the specific trading strategy should be determined according to your own risk tolerance.