BELUSDT trade ideas
BELUSDTBEL is in strong bullish position as you can see it took only half time to rise than to dip means the bullish power is stronger in that time and can move the trend faster
the bullish power took 13 candles to get A to B
but the bearish took 26 candles to dip from B to A
bias in the micro wave of the trend = bullish
but other scales of the chart also shown a strong bullish in price action so this crypto can be good for investment but dont forget to add stop loss (red line)to it
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
–––––
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.