BELUSDT trade ideas
Get ready! BEL is about to ring the bell! Hello fellow traders,
As you can see in the chart, BEL is on the verge of making a significant move upward. If today's candle closes above the upper trendline of the channel, for the first step, it is expected to grow as much as previous channel's height.
have fun and trade safe
BELUSDT
BELUSDT is testing again the daily resistance! 🦐IF $BEL.X will have a breakout an turn the current resistance as new support, According to Plancton's strategy (check our Academy), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
BELUSDT - Potential sell entry 🔽BELUSDT is printing a descending channel on the 4H timeframe.
Price is testing the channel resistance.
Potential breakdown.
Sell entry ⬇️ - breakdown below the minor pullback channel support.
Target 🎯 - Support level, descending channel support.
Setup invalidation ❌ - breakout above the descending channel resistance.
BEL/USDT Broke Major Trend Line: Bearish OutlookBEL/USDT has seen some crazy growth over the last few weeks. Sadly, it seems this growth has come to a halt.
Yesterday, the pair managed to break through the trend line, signaling a strong bearish movement.
Consider Support 1 and Support 2 as potential areas of reversal. Do your own DD.