BEL/USDT In the sideways zone, it required break to continue UP!

٦ يونيو

💎 Paradisers, BEL is indeed demonstrating intriguing movements that warrant close attention.

💎 It appears poised to retest support around 0.967 before potentially continuing its upward trajectory towards the resistance zone between 1.09 and 1.15.

💎 A breakout above this resistance would signal a return to bullish momentum, possibly leading to a move towards our target resistance area.

💎 However, if BEL experiences rejection at the resistance zone, similar to previous attempts, it may retreat back to the support level. Sustaining above this support is crucial, as a breach could indicate further downward movement towards the key support area around 0.72.

💎 Observing the chart, BEL seems to be trading within a sideways range between 0.72 and 1.15, highlighting the significance of these levels. Historical data suggests that BEL has successfully bounced back to the upside after hitting the key support area twice before.

💎 However, bullish sentiments would be invalidated if the daily candle of BEL closes below the key support area. In such a scenario, the price could experience further decline.

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