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$BEAT broke through $3 and just a few days later started to plunge, and this routine is actually old news.
Let's first analyze the underlying logic. In the short term, hot money rushes in, and the price can indeed rise quickly, but the problem is—there's no fundamental support. The faster it rises, the sharper the fall. Those overbought areas after a breakout are like a mirror that reveals the true nature; once the market realizes it's overvalued, a correction happens immediately. Coupled with the amplification effect of panic, selling becomes an avalanche.
To put it simply, short-term volatility is nothing unusual. The key is not to be scared by the market trend, set stop-losses when necessary, and plan your take-profit points in advance. These details often determine whether you make a profit or a loss.