$BEL ⚡ 2.7x Unusual Buying Volume on
$BEL , what's behind this move?
- With this massive volume spike and strong bullish confirmation on all momentum indicators, this looks like either accumulation by smart money or the start of a bullish reversal move on the 15m.
- I expect price to first retest the 0.1587 area (which is now support) or dip into the demand/FVG at 0.1530-0.1514. If price holds above 0.1514 and forms bullish reversal candles, it’s a high-probability long setup.
- Entry idea: Wait for a dip to 0.1587 or the 0.1530-0.1514 FVG, look for a pin bar, bullish engulfing, or lower timeframe reversal. Enter on confirmation.
- First target: 0.1648. Next major target: 0.1745 (where liquidity from the most recent swing high sits). If price closes above 0.1745 with strong momentum, 0.1940 and 0.2018 become reachable.
- If price closes below 0.1514 with heavy volume, bias flips to bearish and you should avoid longs or look for shorts targeting the major swing low at 0.1404.
- Remember to always wait for confirmation: don’t jump in blindly after a volume spike. Look for a retest and rejection of a support/demand zone, plus a clear sign of strength!
📝 This is not investment advice, just an educational report! Always use proper risk management and trade with a plan.
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