Market Context: BEL is facing resistance around $0.86 – $0.87 and appears to be consolidating at these levels. A failure to break above could lead to a strong bearish move.
📉 Risk Management: Keep risk at 2-3% per trade, ensuring the stop-loss is set above resistance for better risk-to-reward.
💡 Pro Tip: Watch for a clear rejection pattern, like a shooting star or bearish engulfing candle, at the resistance zone. Volume spikes can help confirm the short opportunity. 🚀