$BEL /USDT – Rejection at the Top, Short Setup Active! 🚨
Price: $0.6141 (+3.21%)
$BEL pumped hard to $0.6505 but got smacked down instantly, forming a strong bearish structure. Lower highs and heavy selling pressure now dominate the chart—ideal short opportunity!
Key Levels:
• Resistance: $0.6300 – $0.6500
• Support: $0.6050 / $0.5900
Short Trade Setup:
• Entry Zone: $0.6180 – $0.6250
• Targets:
• TP1: $0.6050
• TP2: $0.5920
• TP3: $0.5800
• Stop Loss: $0.6340
Market Insight:
The massive wick and steady decline after rejection confirm seller dominance. No bullish follow-through = momentum lost. Bears are taking control.
Pro Tip: Enter on retest of $0.6200 area or wait for a breakdown candle under $0.6100 for extra confirmation.
Scalp smart – $BEL looks ripe for more downside!
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