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BEAT just experienced a beautiful reversal move. The 1-hour chart clearly warrants attention—moving averages have stabilized, and the MACD indicator has broken through the zero line, signaling a clear shift from bearish to bullish. The bulls have completely gained control of the situation.
What are the key points to watch next? The price is approaching the previous high of 2.19, along with the upper band of the Bollinger Bands at 2.23. These two resistance levels are like checkpoints. Whether they can be effectively broken will directly determine the subsequent trend.
**If a volume breakout occurs:** A new rally could be initiated, which is the most optimistic expectation.
**If the breakout fails:** It is highly likely to oscillate within this range, digesting profit-taking. In rare cases, the price may break below support and retreat to the previous consolidation zone.
**For traders holding positions:** Set your stop-loss at 2.0000, the solid bottom line. As long as it doesn’t break below, hold firmly. If the price can surge with volume past 2.23 and stabilize, confidently add positions to ride this wave.
**For friends wanting to enter:** Be cautious. It’s not recommended to chase the high at 2.16. A smarter approach is to wait for a pullback to the support zone of 2.0200-2.0500, look for signs of stabilization before entering on dips; or wait until the price volume stabilizes above 2.2000, then chase from the right side. Regardless of the strategy chosen, strict stop-loss placement is essential.
**How risky is shorting?** The current trend has clearly shifted to bullish, so the risk of shorting is extremely high. Only in extreme cases is it worth considering a small short position—such as when the price approaches 2.23 and there are obvious signs of stagnation on the 15-minute chart (long upper shadows, bearish engulfing, etc.). In such cases, set your stop-loss strictly above 2.25, take profits quickly, and exit immediately—don’t hold on out of stubbornness.
One final core reminder: a rise must be accompanied by volume; a rise without volume is meaningless. Keep a close eye on the 2.0000 support line and the 2.2300 resistance level, find the right rhythm, and then make your move.