$BEL Overview:

1. Trend Analysis

- Current Price: $0.4321, down -8.72%

- Trend Direction: Strong bearish movement, evident from a sharp drop from $0.4760 to $0.4144.

- Moving Averages:

- MA(7): $0.4307

- MA(25): $0.4526

- MA(99): $0.4609

- Price is trading below all major MAs, confirming short-term bearish dominance.

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2. Volume Analysis

- Large sell-off spike followed by a volume peak on the bounce, indicating:

- Capitulation may have occurred near $0.4144, the current support level.

- Short-term buyers trying to enter, but confirmation is still weak.

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3. Support & Resistance Levels

- Immediate Support: $0.4144 (24h low and bounce zone)

- Resistance 1: $0.4400 (psychological and MA(7) proximity)

- Resistance 2: $0.4526 (MA25), more meaningful trend change if price reclaims this

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4. Entry Strategies

# A. Conservative Entry (Breakout Confirmation)

- Entry: After breakout and close above $0.4400–$0.4450 (ideally also crossing MA25)

- Stop Loss: Below $0.4300

- Target 1: $0.4520

- Target 2: $0.4600

# B. Aggressive Entry (Bounce Play)

- Entry: Around $0.4300–$0.4320 (current level, bounce from oversold)

- Stop Loss: Tight stop below $0.4220 or $0.4144

- Target: $0.4400 (risk-reward must be favorable)

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5. Pro Tip

- Trend is bearish overall (look at the -56.31% YTD and red volume metrics).

- Unless you're scalping or doing a short-term bounce play, a retest of support is possible before real recovery.

- Wait for a solid reversal pattern or MA crossovers on higher timeframes (1h or 4h) for safer entries.

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Summary:

- Short-Term Bullish Possibility: Only if volume sustains and it reclaims $0.4450+

- Preferred Play: Scalping or tight-range bounce trades unless confirmed breakout

- Avoid if: Price rejects $0.4400 and drops again—could retest $0.4144 or lower

Buy and trade $BEL here

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