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BEAT showing strong rejection after parabolic rally
Short $BEAT
Entry: 1.24 – 1.34
SL: 1.45
TP1: 1.10
TP2: 1.02
TP3: 0.94
TP4: 0.85
Why:
BEAT rallied aggressively toward the 1.529 resistance zone but failed to sustain higher levels after multiple rejection candles on the 4H chart. Volume has started declining sharply after the breakout phase, increasing the probability of a pullback toward MA25 and lower support zones.
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