BELUSDT trade ideas
BELUSDT Long Signal BEL is ready to get into discovery mode. The retest of previous support was healthy before breaking away further.
Meanwhile all Alts are looking at ETH’s next move to follow. Fundamentally ETH is distant to spike up as next month holds good news for ETH.
Blue line = entry zone
Green lines = exit targets
Do you agree? If not, feel fee to share your thoughts in the comments below.
$BEL/USDT 1D (Binance Futures) Ascending channel on supportBella Protocol is up-trending inside that channel, it is likely to make a massive move-up if bounces on support.
Also, we can see it has broken-out bullish of that falling wedge and is now retesting it!
Current Price= 3.2669
Buy Entry = 3.2400 - 3.0100
Take Profit= 4.0610 | 4.9950 | 7.1170
Stop Loss= 2.499
Risk/Reward= 1:1.5 | 1:2.99 | 1:6.38
Expected Profit= +29.95% | +59.84% | +127.74%
Possible Loss= -20.03%
Fib. Retracement= 0.5 | 0.7862 | 1.272
Margin Leverage= 1x
Estimated Gain-time= 2 months
BELUSDT wants the breakout! 🦐the price wants the breakoutIf the price will have a breakout from resistance, 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.
BEL Short set up-BEL price action ain't showing weakness, same with BTC could just be a fake short for now
-Could bounce on trendline where previous 2 and 4 found dynamic support
-Finished the first impulse drop (Wave A) anticipating price would take more time to form WAVE B (could be complex)
#DYOR
BEL Hit demand ZoneBEL is bounced from the demand zone and the wicks show there are a lot of buyers. Bella Protocol is the DeFi project and the second wave of DeFi is started. BEL has a market cap of $130 million only and the Total value locked (TVL) in Bella Flex Saving is more than $35 million and increasing. This is a good time to build your position in BEL.
Buy zone: $4.05 - $4.15 (add more if drops to $3.8 - $3.9)
Target: $4.54 - $4.95 - $5.4 - $5.85 - $6.4 - $6.95 - $7.7 - $8.4 - $9.6 - $10.4