💎 BEL has recently displayed significant market dynamics, evidenced by a bounce from the support area. There's potential for BEL to continue its upward movement, possibly testing the strong resistance area.
💎 However, if BEL fails to sustain its upward momentum, there's a likelihood of it retracing back to test the support area for another potential bounce.
💎 The downside risk emerges if BEL breaks below the support level, leading to a retest of the demand area around $0.68. Reclaiming the price above this support would signal a potential continuation of the upward trend.
💎 Conversely, a breakdown below this strong support level would confirm a bearish trend, with the price likely to decline further.
💎 However, if BEL fails to sustain its upward momentum, there's a likelihood of it retracing back to test the support area for another potential bounce.
💎 The downside risk emerges if BEL breaks below the support level, leading to a retest of the demand area around $0.68. Reclaiming the price above this support would signal a potential continuation of the upward trend.
💎 Conversely, a breakdown below this strong support level would confirm a bearish trend, with the price likely to decline further.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Want to trade like a PRO without the 15+ year learning curve?
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.