Technical Analysis & Trade Signal for $BEL
/USDT馃敟馃挴
Current Price: $0.5966 (up +2.21%)
Trend: Neutral to Bullish (Price showing upward momentum)
Support: $0.5800 (24h Low)
Resistance: $0.6431 (24h High)
Trade Momentum:
Moving Averages: Price is above the 20-period moving average, suggesting a mild bullish trend.
RSI: RSI is in the neutral zone (around 55-60), indicating neither overbought nor oversold conditions, suggesting potential for further upward momentum.
MACD: The MACD line is above the signal line, indicating a buy signal.
Trade Signal & Target Levels 馃幆:
Entry Point: Around $0.5950
Target 1 (T1): $0.6280 (Resistant Level)
Target 2 (T2): $0.6430 (Previous High)
Target 3 (T3): $0.6500 (Psychological Resistance)
Stop Loss: Below $0.5800 (protects against major downside)
Overall, a bullish outlook based on current market structure with moderate price action movement expected. Keep an eye on volume and momentum for confirmation of trend continuation.