🚨 BEL 's Bearish Divergence Signals Alert! 🚨
In the latest BEL/TetherUS chart, we're observing a tension zone where prices might take a dip. Let's unpack the signals:
🚫 Historic Rejection Block: BEL faced a stiff rejection at the block, indicating strong selling pressure.
⬇️ Bearish Divergence: The 12-hour timeframe shows a divergence, suggesting potential price pullback.
🎯 Bearish Target: Eyes on the approx. $2.08 zone—near the 'weak low'—for possible support or further descent.
Key Takeaways:
Resistance Respect: BEL's inability to break past the block signals caution for bulls.
Divergence Dance: Divergence forming could steer the momentum towards the bears.
Risk Radar: If you're jumping in out of FOMO, brace for turbulence and manage your risk tightly.
Engage with the market wisely—don't let FOMO fog your financial foresight. Thoughts? Risk assessments? Share your strategies below! 🔄👇💡
