$BEL has been quietly forming a solid uptrend structure on the 4H. Price is currently sitting at 0.3088, just slightly off its recent high of 0.3125. This follows a clean bounce from the 0.2936 low and shows consistent higher lows forming over the past week.
We’re now testing a resistance block around the 0.312 – 0.315 zone. A breakout here could unlock further upside toward the 0.328 – 0.335 region. There’s also been an uptick in volume recently, which supports the bullish bias.
However, multiple wicks at the current highs suggest sellers are still active. So patience is key—wait for a strong close above resistance or look to play a pullback.
Signal: Entry on confirmed breakout above 0.313, or buy dip toward 0.297 – 0.301. Target 0.328+, stop below 0.292.
Trend looks clean. Structure is intact. Just need a strong push or a clean pullback.
