BEAT has accumulated quite a few short positions at the 4.5 level, and the current range-bound trend is quite frustrating—either we need a direct surge, or an opportunity for shorting; this back-and-forth is the most annoying.

To be honest, my confidence in this kind of cryptocurrency has almost been completely exhausted. I suffered a loss on LIGHT before, and that lesson made me start to feel that the tactics of the manipulators behind these thematic coins are quite similar — the pump methods are very aggressive, and they are also ruthless when it comes to crashing prices. The nature of altcoins is like this: the increase can be fierce, and the decrease is often just as brutal.

From a technical perspective, BEAT's recent trend has started to release some dangerous signals, and the possibility of a crash cannot be completely ruled out today. You should either buy at the bottom or stay away; the middle ground carries the highest risk.