$BEL – RALLY EXHAUSTED, SHORT SETUP TRIGGERED! SHORT TRADE SIGNAL
$BEL rejected strongly from the $0.2992 level after a swift pump, forming a potential bull trap. Price surged nearly 15% before facing supply near previous resistance and sharply retracing. The sharp wick above $0.2975 shows buyer exhaustion, indicating a likely reversal.
Trade Setup: SHORT
• Entry: $0.2970 – $0.2990
• Target 1: $0.2840
• Target 2: $0.2700
• Stop Loss: $0.3025
Short-term outlook favors bears as upside momentum fades. Weak bounce and failure to reclaim highs may lead to another leg down.
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