$BEL
Analysis of BEL/USDT Chart & Trade Suggestion ๐ฅ
๐ฅ 1. Trend Analysis:
Current Price: $0.8808 (-2.56%)
5 MA (0.8881) is below 8 MA (0.8991), indicating bearish momentum.
The price is making lower highs and lower lows, confirming a downtrend.
The last support at $0.8729 was recently tested.
๐ฅ 2. Support & Resistance Levels:
Resistance Level: $0.9031 - $0.9423
Support Level: $0.8729 - $0.8640
โ 3. Entry & Position Suggestion:
Since the trend is bearish and price is near support, a break below $0.8729 could trigger further downside.
A short position is favorable, considering the ongoing downward pressure.
Entry Price: $0.8800 - $0.8850
Target Price: $0.8650 - $0.8600
Stop Loss: Above $0.9000 to manage risk.
๐ฏ Final Decision:
Take a SHORT position.
The bearish trend continues, and a break below support will confirm further downside potential.
โ ๏ธ Disclaimer !
This is just educational purpose only always take final decision base on your own research because crypto market is inherited risky & highly Volatile .
