BEL/USDT Technical Analysis & Trade Signal
Current Price: 0.6187 USDT
Trend: Bullish (up 12.63% in the last 24 hours)
Key Support: 0.5471 USDT (24h Low)
Key Resistance: 0.6193 USDT (24h High)
SAR (Stop and Reverse): 0.6115, indicating potential support in a bullish trend.
Trade Signal:
Buy Signal: Enter near 0.6170 - 0.6190, with momentum showing strength above the 24h High.
Target Levels:
1. First Target: 0.6250
2. Second Target: 0.6300
3. Third Target: 0.6400
Stop Loss: Place stop below 0.6115 (SAR level).
Momentum:
The bullish momentum is supported by an upward movement in price and volume. The key resistance of 0.6193 needs to be surpassed for further gains. Strong potential for upward continuation if momentum holds.
This analysis suggests buying in the current bullish trend with a focus on the targets above.
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