BEL/USDT Technical Analysis:💸🤑💥
Key Data:
Current Price: $0.7438 (+2.96%)
24h High: $0.7565
24h Low: $0.7009
24h Volume (BEL): 3.78M BEL
24h Volume (USDT): 2.76M USDT
Moving Averages:💰
MA(7): $0.7454 (short-term)
MA(25): $0.7298 (mid-term)
MA(99): $0.7000 (long-term)
Support and Resistance:
Resistance Levels:💷
$0.7565 (24h high) is the immediate resistance.
A break above this could push the price towards $0.7599.
Support Levels:
$0.7298 (25-day MA) serves as the closest support level.
$0.7009 (24h low) provides further support.
Technical Analysis:
Price Position:🎯
The current price of $0.7438 is slightly below the 7-day MA of $0.7454, but it’s still within a bullish trend range.
The price is also near the 24h high of $0.7565, suggesting the possibility of a breakout.
Volume:💵
3.78M BEL traded in the last 24 hours, with a 2.76M USDT trading volume, indicating moderate activity.
Trading Strategy:
Entry Levels:
1. Conservative Entry:👈
A pullback to $0.7298 (25-day MA) or $0.7009 (24h low) could offer a safer entry.
2. Aggressive Entry:
A breakout above $0.7565 could be a signal to enter, targeting further upside.
Targets:🗣️
1. Target 1 (Short-term):
$0.7565 (24h high) is the immediate resistance to watch.
A break above this could lead to $0.7599.
2. Target 2 (Medium-term):
If the price maintains bullish momentum, the next potential target could be $0.7600 or higher.
Stop-Loss:🛑
1. Stop-Loss 1 (Conservative):
Place the stop-loss at $0.7298 (25-day MA) to limit downside risk.
2. Stop-Loss 2 (Aggressive):
A tighter stop-loss can be placed at $0.7009 (24h low), in case of a reversal.
Example Scenario:
Entry: $0.7438 (current) or $0.7298 (25-day MA) on a pullback
Stop-Loss: $0.7009 (24h low)
Target 1: $0.7565 (24h high)
Target 2: $0.7599 (next resistance)
Conclusion:
BEL/USDT is showing a +2.96% gain and is in a slightly bullish short-term trend. The price is near the 7-day MA, suggesting potential upside toward $0.7565 and possibly $0.7599. The key support levels are at $0.7298 (25-day MA) and $0.7009 (24h low). Traders can enter near the current price or on a pullback, with stop-loss levels at $0.7009.