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BEL

BEL > Trendline Breakout > Ready for DUMP?Hello Friends, Hope you all are having a thrill in your trading journey. I am presenting you my analysis of BEL. According to my technical analysis, BEL is going down as it just broke a major trendline and retested to the trendline. A Bearish candle on 1 hour chart confirmed my analysis. So, I am short on BEL. I hope my analysis is pretty clear to you guys. Kindly do your own research and follow proper risk management. Feel free to share your views in comment section. Like and Follow! Best Regards, Shaswat Naman TradeThrill, India🇮🇳 Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Short
by tradethrill
$BEL/USDT 1D (Binance Futures) Ascending channel on supportBella Protocol is up-trending inside that channel, it is likely to make a massive move-up if bounces on support. Also, we can see it has broken-out bullish of that falling wedge and is now retesting it! Current Price= 3.2669 Buy Entry = 3.2400 - 3.0100 Take Profit= 4.0610 | 4.9950 | 7.1170 Stop Loss= 2.499 Risk/Reward= 1:1.5 | 1:2.99 | 1:6.38 Expected Profit= +29.95% | +59.84% | +127.74% Possible Loss= -20.03% Fib. Retracement= 0.5 | 0.7862 | 1.272 Margin Leverage= 1x Estimated Gain-time= 2 months
Long
by TradingOn
3
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
Long
by Bitcoinik
2