BELUSDT trade ideas
BEL Short set up-BEL price action ain't showing weakness, same with BTC could just be a fake short for now
-Could bounce on trendline where previous 2 and 4 found dynamic support
-Finished the first impulse drop (Wave A) anticipating price would take more time to form WAVE B (could be complex)
#DYOR
BEL Hit demand ZoneBEL is bounced from the demand zone and the wicks show there are a lot of buyers. Bella Protocol is the DeFi project and the second wave of DeFi is started. BEL has a market cap of $130 million only and the Total value locked (TVL) in Bella Flex Saving is more than $35 million and increasing. This is a good time to build your position in BEL.
Buy zone: $4.05 - $4.15 (add more if drops to $3.8 - $3.9)
Target: $4.54 - $4.95 - $5.4 - $5.85 - $6.4 - $6.95 - $7.7 - $8.4 - $9.6 - $10.4
BEL perfect retest, Ready for moonBEL breakout the long downtrend and perfectly retested it. BEL is now ready for the next rally. BEL has some good news coming in the upcoming weeks. BEL is the Binance launch pool project and has a good team working on the developments and partnerships of the project.
Buy Zone: $3.8 - $3.95
Target: $4.35 - $4.83 - $5.45 - $5.95 - $6.6 - $7.1 - $7.7 - $8.55 - $9.2 - $9.9
BEL/USDT 1D๐ต #BEL/USDT
Spot (Midterm)
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Investment Recommendation
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๐ต Entry Range : 4.1 - 3.9 - 3.7
๐ด Exit Points : 5 - 6 - 7 - 8 - 9
๐ Stop Loss : No Need
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โ ๏ธ Risk Level : 5/10
๐ฒ 3 - 5 % Of Total Assets
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