This week's performance of BEAT forms an interesting contrast with LIGHT. LIGHT directly experienced a dumping at the end of the weekly chart in the early morning, while BEAT also fell but did not show that kind of plummet big dump, instead demonstrating a certain resilience to declines. From the daily chart perspective, the rising trend has not been effectively broken, and more importantly—this drop occurred on the first trading day of the weekly chart, theoretically leaving plenty of room for adjustment.
The changes in the funding rate are also very interesting, shifting from positive to negative growth, which suggests that market sentiment is gradually recovering, and short sellers' profits may slow down. Overall, in the short term, bulls still have opportunities as long as the key technical support holds. The script for a rebound this week is still promising.
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0xSunnyDay
· 19h ago
BEAT's ability to resist falling is quite good, much better than LIGHT. The support level must be held, otherwise it will be another empty situation.
What do you think about the funding rate turning negative? It feels like there’s still a chance for long positions?
LIGHT is being smashed directly, which is a bit worrying. Let's wait to enter a position.
The rebound scenario sounds good, but I'm afraid it might just be a feint.
If the support breaks, I will withdraw, straightforward and brutal.
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FOMOrektGuy
· 19h ago
BEAT's ability to resist declines is really impressive, much more reliable than LIGHT. I'm already used to dumping.
The signal of negative rates is good, shorts may be retreating, there's still a chance this week.
If support holds, there will be a rebound, it's that simple, I bet on it.
This week's performance of BEAT forms an interesting contrast with LIGHT. LIGHT directly experienced a dumping at the end of the weekly chart in the early morning, while BEAT also fell but did not show that kind of plummet big dump, instead demonstrating a certain resilience to declines. From the daily chart perspective, the rising trend has not been effectively broken, and more importantly—this drop occurred on the first trading day of the weekly chart, theoretically leaving plenty of room for adjustment.
The changes in the funding rate are also very interesting, shifting from positive to negative growth, which suggests that market sentiment is gradually recovering, and short sellers' profits may slow down. Overall, in the short term, bulls still have opportunities as long as the key technical support holds. The script for a rebound this week is still promising.