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$BEL /USDT Technical Analysis: A Potential Bounce or Bearish Continuation? 🎯
Current Price: $0.6977
24h High: $0.9390
24h Low: $0.6731
Key Support and Resistance Levels
Support: $0.6731 (Solid Base)
Resistance: $0.9390 (Major Hurdle)
Indicators Insight
RSI: Watch for oversold conditions and potential reversal above 30.
MACD: Narrowing distance, suggesting momentum shift may be near.
Moving Averages: 50-day MA showing downward pressure, while the 200-day MA could provide long-term support.
Trade Signal: Time to Act!
Buy: Above $0.6731, especially if it moves toward $0.75 resistance.
Sell: If price drops below $0.6731, consider exiting.
Target Levels 🎯
Target 1: $0.75 – Immediate resistance zone. Look for a potential break.
Target 2: $0.80 – A minor resistance, key for further upward momentum.
Target 3: $0.90 – Previous high, a critical point for bullish continuation.
Trade Momentum
Bullish: Higher lows, breaking $0.75, could push price toward $0.80 and $0.90.
Bearish: Break below $0.6731 may signal further downward movement.
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