$BEL

BULLISH BREAKOUT ANALYSIS

$BEL has shown strong momentum after breaking above the short-term resistance zone, confirming a bullish breakout. The price structure indicates sustained buying pressure with higher lows forming consistently. Volume surge supports this move, hinting at continuation toward upper resistance levels.

TECHNICAL OUTLOOK:

Structure: Breakout from consolidation pattern

Momentum: RSI sustaining above midline, indicating strong buyer dominance

Confirmation: Candle closures above breakout zone validate trend strength

TARGETS (TP):

TP1: 0.2450

TP2: 0.2600

TP3: 0.2800

STOP LOSS (SL):

0.2120 (below breakout zone support)

RISK MANAGEMENT:

Use 2–3% of capital per trade and trail stop once TP1 is achieved to secure profits.

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