$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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