$BEL Tight Range or Breakdown Brewing?
BEL is currently trading at $0.2544, down sharply by over 11% on the day. Price action is stuck in a narrow consolidation range after heavy selling, suggesting indecision. A decisive breakout in either direction is likely soon.
Key Levels to Watch:
• Resistance Zone: $0.2570
A break above could trigger a bounce toward $0.2610 and $0.2660.
• Support Zone: $0.2530
A move below this may drag price down to $0.2480 and $0.2430.
Trade Setup:
Bullish Entry: Above $0.2570
• Target 1: $0.2610
• Target 2: $0.2660
Bearish Entry: Below $0.2530
• Target 1: $0.2480
• Target 2: $0.2430
BEL is coiling tightly near local support after a heavy drawdown. Breakout traders should stay alert—a volatility spike is likely around the corner.