Swing Trading Signal for $BEL /USDT

Signal Type: Watch for Long (Buy) Setup

Analysis:

Current Price: 0.3921 USDT

Recent Low: 0.3732 USDT (support zone)

Resistance Level: Around 0.4237 USDT

RSI (6): 48.84 — Near neutral, suggesting potential upside without overbought pressure.

Volume Trend: Declining, indicating a consolidation phase — often precedes a breakout.

Candlestick Formation: Small-bodied candles suggest indecision, possible accumulation near support.

Entry Point:

Buy: On breakout above 0.3969 (24h high) with strong volume confirmation.

Stop Loss: Below 0.3730 (recent low) — manage risk.

Target 1: 0.4150 (recent intermediate resistance)

Target 2: 0.4230–0.4250 (next resistance zone)

Confirmation Indicators:

Look for RSI to cross above 50.

A bullish candle close above 0.3969 on increasing volume.