$SOL How to interpret $BEAT ?
BEAT, a coin that was heavily hyped in the early stages, is unlikely to see continuous upward momentum again, as the main players have already exited. The market is expected to experience more consolidation or further declines.
From the current market chart, it's clear that each rebound is lower than the previous one, and every rise is quickly hit with selling pressure. The bullish momentum is clearly insufficient. The short-term trend is more about recovery rather than a reversal, so blindly going long is not advisable. The overall strategy should be cautious, even slightly bearish.
Trading advice:
If you have no position, it's not recommended to chase longs now, as the value is not attractive. Consider lightly shorting after a rebound reaches resistance levels later on.
If you're already in a position and trapped, consider reducing your position or exiting when the price rebounds to a resistance level—don't hold on stubbornly.
If you're trapped and unsure how to proceed, feel free to consult in the chat room!
$SOL $DOLO #StrategyBTCPurchase
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