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$BEL Approaching Key Resistance – Breakout Setup
$BEL is currently testing a major resistance zone around 425, a level that has previously capped price action. Momentum is building as price compresses beneath this area, suggesting a potential breakout scenario.
If
$BEL manages a clean break and close above 425, bullish continuation becomes highly likely, opening the path toward the next resistance near 435.
Trade Plan:
🔹 Entry: 425 (on confirmed breakout)
🎯 Target: 435
• Price pressing against a key supply zone
• Structure favors upside if resistance is reclaimed
• Breakout above 425 would confirm bullish continuation
⚠️ Failure to hold above 425 could lead to short-term consolidation before another attempt.
📌 Always wait for confirmation and manage risk accordingly.
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