$BEL
BULLISH TECHNICAL ANALYSIS SETUP
$BEL is showing strong bullish momentum after bouncing from the key support zone near 0.2000, confirming renewed buyer interest. The price structure suggests an upcoming upward continuation as long as it holds above short-term support levels.
TECHNICAL OUTLOOK:
Price is consolidating above the 0.2150ā0.2190 zone, forming a solid base for the next leg up.
Bullish volume increase indicates accumulation and potential breakout above 0.2250ā0.2300 resistance.
The next impulse wave may target higher resistance zones as momentum strengthens.
šÆ TARGETS (TP):
TP1: 0.2350
TP2: 0.2450
TP3: 0.2600
š» STOP LOSS (SL):
0.2050 (below recent support area)
RISK MANAGEMENT:
Risk only 1ā2% of your capital per trade and adjust position size based on SL distance to maintain consistency and protect equity.
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