BELUSDT is printing a descending channel on the 4H timeframe.
Price is testing the channel resistance.
Potential breakdown.
Sell entry ⬇️ - breakdown below the minor pullback channel support.
Target 🎯 - Support level, descending channel support.
Setup invalidation ❌ - breakout above the descending channel resistance.
Price is testing the channel resistance.
Potential breakdown.
Sell entry ⬇️ - breakdown below the minor pullback channel support.
Target 🎯 - Support level, descending channel support.
Setup invalidation ❌ - breakout above the descending channel resistance.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.