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BEL / TetherUS

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BELUSDT trade ideas

BEL > Trendline Breakout > Ready for DUMP?Hello Friends, Hope you all are having a thrill in your trading journey. I am presenting you my analysis of BEL. According to my technical analysis, BEL is going down as it just broke a major trendline and retested to the trendline. A Bearish candle on 1 hour chart confirmed my analysis. So, I am short on BEL. I hope my analysis is pretty clear to you guys. Kindly do your own research and follow proper risk management. Feel free to share your views in comment section. Like and Follow! Best Regards, Shaswat Naman TradeThrill, India🇮🇳 Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Short
by tradethrill
#TheStrat BELUSDT 2-2 Rev Back Into TFC on 45M - Trade Set upNot a trade I am taking as I am getting ready for bed, but this was setting up nicely as an example to show the concept of timeframe continuity, and how we use it with reversals to create winning positions. The idea here is to re-enter after a strong first initial rally then retracement as soon as we see signs of full time frame continuity heading back in the direction of the major trend. We got our first trigger on the 15, which hit its magnitude at the trigger of the 45 min 2-2 reversal. We will see whether it continues to our target. From what I have seen so far, if we can maintain full timeframe continuity without getting stuck in a consolidation, price kind of just goes where it is supposed to. The entry and targets are on the 45 for anyone that wants to check back on this.
Long
by outlier1500
2