$BEL /USDT – Bearish Retracement in Progress!

Momentum Analysis:

BEL/USDT is currently in a retracement phase with a notable downward movement of -9.64% in the last 24 hours, reflecting a shift from recent highs. The 24h high of $1.0000 has dropped to the current price of $0.8854, indicating bearish pressure. Watch for a potential bottom at $0.8486, where a reversal may occur.

Long Setup:

Entry Zone: Consider entries near $0.8600–$0.8700 for a potential bounce if market sentiment shifts.

Targets:

T1: $0.9104

T2: $0.9268

T3: $0.9480

Stop Loss: $0.8486 (24h low)

Breakout Confirmation Level & Key Support:

Breakout Confirmation Level: $0.8940

Key Support: $0.8486 (24h low) – crucial level to hold for bullish reversal.

Pro Tip for Traders:

Look for signs of stabilization or a bullish divergence at the key support zone. Avoid chasing the price too early; wait for confirmation of a bounce or reversal from the lows.

Relevant Hashtags:

#BELUSDT #DeFi #BearishRetracement #CryptoTrading #MarketAnalysis