#BELUSDT

Technical Overview:

Descending Channel Breakout:

The price has broken out above a well-defined descending channel, which is typically bullish.

Positive Divergence:

The MACD histogram and signal line show a bullish divergence—price made lower lows while the MACD made higher lows. This often signals a potential trend reversal to the upside.

Resistance Zone at ~0.3808:

There is a key resistance zone around 0.3808. A retest and bounce from this zone could confirm a strong bullish reversal.

Current Price: 0.3749:

The price is just below the breakout retest zone. It hasn’t confirmed support at 0.3808 yet.

Conclusion:

Wait for Confirmation before entering a long position.

Buy Long Scenario: If the price breaks above and holds above 0.3808 on a retest with strong volume or bullish candles, it may be a good long opportunity targeting levels around 0.4021, 0.4208, and 0.4540.

Sell Short Scenario: If the price gets rejected at 0.3808 and closes back inside the descending channel, that would invalidate the breakout and may favor a short.

Current Recommendation:

Watch for a confirmed breakout above 0.3808 before going long. Do not enter yet.