🚨 $BEL /USDT – Bearish Divergence Setting Up a Short Play! 🚨
Current Price: $0.6423 (+5.09%)
Bullish Exhaustion Alert:
After a clean pump from $0.61 to $0.6563, price is stalling with lower highs on the 15m—signs of a potential reversal incoming.
Key Levels:
• Resistance: $0.6500 – $0.6560
• Support: $0.6340 / $0.6200
• 24H Range: $0.6042 – $0.6563
Short Trade Setup:
• Entry Zone: $0.6450 – $0.6520 (wait for bearish candle confirmation)
• Targets:
◦ TP1: $0.6340
◦ TP2: $0.6200
◦ TP3: $0.6100
• Stop Loss: $0.6590
Market Insight:
Price action is forming a rounding top while momentum slows. This kind of setup often leads to short-term profit-taking or breakdowns.
Pro Tip:
Look for RSI divergence or bearish engulfing candles on 15m or 30m to refine entries.
CTA:
$BEL looks ready to retrace—load your short zones and ride the dip. Set stop loss tight and manage risk like a pro!
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