Regarding the BEAT token, its recent performance has indeed been a bit of a trick. After waking up, it dropped back to 0.36, claiming to be a correction, but if it doesn't fall into the 0.48 to 0.5 range, it's not a real adjustment at all. The problem lies here—one wave of cutting losses, then another wave of more cutting losses, every day the same routine keeps cycling.
Usually, it consolidates and pushes up about 0.04 in the evening, followed by a big red candle that directly probes the bottom, then rebounds only 0.01 to 0.02 before consolidating again. With this pattern, you wouldn't immediately cut losses because it still looks hopeful. By the early morning or near noon the next day, there’s another sharp drop, this time not as strong as the 0.04 pullback the day before, at most 0.02. Calculating this way, the maximum daily decline could approach 0.06, leaving hardly any chance to recover the cost, and you just get caught in it.
Accumulating this rhythm for 15 days, losses will only grow. Every day, the token's name appears on the leaderboard, and trading volume is continuously drained. This pattern is very unfriendly to retail investors.
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HoldOnTight
· 01-13 15:48
Boiling frogs in warm water, it's really damn exhausting.
Regarding the BEAT token, its recent performance has indeed been a bit of a trick. After waking up, it dropped back to 0.36, claiming to be a correction, but if it doesn't fall into the 0.48 to 0.5 range, it's not a real adjustment at all. The problem lies here—one wave of cutting losses, then another wave of more cutting losses, every day the same routine keeps cycling.
Usually, it consolidates and pushes up about 0.04 in the evening, followed by a big red candle that directly probes the bottom, then rebounds only 0.01 to 0.02 before consolidating again. With this pattern, you wouldn't immediately cut losses because it still looks hopeful. By the early morning or near noon the next day, there’s another sharp drop, this time not as strong as the 0.04 pullback the day before, at most 0.02. Calculating this way, the maximum daily decline could approach 0.06, leaving hardly any chance to recover the cost, and you just get caught in it.
Accumulating this rhythm for 15 days, losses will only grow. Every day, the token's name appears on the leaderboard, and trading volume is continuously drained. This pattern is very unfriendly to retail investors.