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BELUSDT trade ideas

Hypothetical Trade AdviceOne potential bullish reversal pattern that could be forming is the "Double Bottom" pattern. Look for confirmation of the double bottom pattern. This would involve the price forming a second low around the same level as the first low, followed by a breakout above the peak between the two lows. Consider entering a long position if the price breaks above the resistance level formed by the peak between the two bottoms. This breakout level is a key confirmation point for the double bottom pattern. Place a stop loss slightly below the second bottom to manage risk. This helps protect against further downside if the pattern fails. Set a target price based on the height of the pattern. Measure the distance from the bottom to the peak and project that distance upwards from the breakout point. This gives a potential target for the bullish move. - Entry Point: If the price breaks above 0.70 USDT (hypothetical resistance level). - Stop Loss: Place a stop loss at 0.50 USDT (below the second bottom). - Target Price: would be 0.90 USDT (0.70 + 0.20).
Long
by Arabian-knights
Is #BELUSDT About to Explode or Collapse?Yello, Paradisers! Are you ready for what could be a pivotal moment for #BELUSDT? Let's dive into the latest analysis of #BEL and see what might be coming our way. 💎We've been closely tracking #BELUSDT, and the signs are pointing to a potentially explosive move from the demand level at $0.4227. The falling wedge pattern we’ve been eyeing is finally approaching a breakout above the descending resistance. 💎The next target? A key resistance at $0.7852. If #BEL holds its ground here, we could witness a significant bullish rally, echoing previous upward trends. However, if the momentum falters at this level, #BELUSDT might drop, with a potential bullish rebound from the lower demand zone around $0.3084. 💎This is a critical juncture, Paradisers. Stay sharp and keep a close watch on price movements around the demand area. A daily close below this zone could invalidate the bullish outlook and signal further declines. Staying disciplined and patient is key here. The market is full of opportunities, but only those who wait for the highest probability setups will come out ahead.. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
risky / papicoin long term strategy for bella protocol $bel *before anything, i want to make clear that this is a risky investment. it would represent just a tiny part of the portfolio. now, lets go. blessings to all sisters and brothers who search and work for consciousness, love and freedom. for you who understand what is going on and see on crypto the opportunity to empower decentralized communities for decentralized power and wealth, i am glad to share my long term strategy on theses cryptos that I am willing to accumulate and hodl. the green areas are the ones I will use to but and accumulate, the lower the prices the more amount of capital, of course. in the blue areas I will be taking some profits, the higher the price the more I will distribute. feel free to ask anything, i would be glad to answer, but I do not promise immediate responses, lol. keep connecting to the vibrations and elevating the frecuencies for the human awakening by meditating, praying, celebrating and being the origin of love and harmony!
Long
by papicoinxmr
Oversold Cryptocurrencies Analysis on the 4h Chart: A Closer LooLet's examine a few oversold cryptocurrencies and the importance of waiting for support levels to be reclaimed before going long. For those holding short positions, it's crucial to trail your stop loss based on the average price change or the current percentage difference from the middle Bollinger Band, depending on your risk tolerance and profits gained from the breakdown. This helps in locking in profits while allowing for continued participation in the downtrend. BELUSDT.P (Oversold 11th June, 2024) Current Status: Bearish Recent Price Action: Lost support at 0.9669 on 7th June, 2024. Price has dropped as low as 0.7528. Key Levels: Support: Needs to reclaim 0.7922 before another significant bullish move. Bollinger Bands: Lower: 0.7717, Middle: 0.8198, Upper: 0.8679 Resistance: 1.0358 Average Price Change: 1.5% Analysis: BELUSDT.P is currently in a bearish trend after losing key support at 0.9669. The price has dropped significantly, reaching a low of 0.7528. To consider entering a long position, it's crucial to wait for the price to reclaim the support level at 0.7922. This would indicate a potential shift in momentum. Until then, the lower Bollinger band at 0.7717 suggests further downside risk, while the resistance at 1.0358 remains a distant target. COREUSDT.P (Oversold 11th June, 2024) Current Status: Bearish Recent Price Action: Lost support at 1.66789 on 11th June, 2024. Price has dropped as low as 1.51805. Key Levels: Support: Needs to reclaim 1.66245 before another significant bullish move. Bollinger Bands: Lower: 1.59168, Middle: 1.68470, Upper: 1.47772 Resistance: 1.73771 Average Price Change: 1.7% Analysis: COREUSDT.P shows a bearish trend with the price dropping below key support at 1.66789. The current price low of 1.51805 indicates significant downward momentum. Before considering a long position, the price needs to reclaim the support level at 1.66245. This would suggest a potential reversal. The lower Bollinger band at 1.59168 indicates further downside risk, while the resistance at 1.73771 is a key target if the trend reverses. ZRXUSDT.P (Oversold 11th June, 2024) Current Status: Bearish Recent Price Action: Lost support at 0.4525 on 11th June, 2024. Price has dropped as low as 0.4232. Key Levels: Support: Needs to reclaim 0.4503 before another significant bullish move. Bollinger Bands: Lower: 0.4360, Middle: 0.4546, Upper: 0.4733 Resistance: 0.4600 Average Price Change: 1.4% Analysis: ZRXUSDT.P is currently bearish, having dropped below the support level of 0.4525. The price has reached a low of 0.4232, reflecting strong downward pressure. To consider a long position, the price needs to reclaim the support level at 0.4503. This would indicate a potential bullish reversal. The lower Bollinger band at 0.4360 suggests additional downside risk, while resistance at 0.4600 is the next key level to watch if the price recovers. Summary In all three cases (BELUSDT.P, COREUSDT.P, and ZRXUSDT.P), the cryptocurrencies are currently oversold and in a bearish trend. It's critical to wait for the price to reclaim their respective support levels before considering any long positions. This strategy ensures that the downward momentum has ceased and that there is a potential for a bullish reversal. Until these supports are reclaimed, the risk of further declines remains high. For those holding short positions, consider trailing your stop loss dynamically, using either the average price change or the current percentage difference from the middle Bollinger Band, depending on your risk tolerance and profits gained from the breakdown. This approach strikes a balance between securing your gains and potentially capturing further downside momentum. By adjusting your stop loss in harmony with market fluctuations, you can maximize your profit protection while remaining adaptable to potential further price drops. Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Trading cryptocurrencies involves significant risk, and you should consult with a qualified financial advisor before making any investment decisions. BEL: CORE: ZRX:
Short
by The_Bull_Trader
BEL LongWelcome! I haven't posted in almost 3 years, been busy with life and started a new business so sold all my investments to start that company. Now I have some extra capital and time to start trading again so I am back. Bel is about 15% of what I hold, have it as a swing trade for at least 6-12+ months. Had a huge rally back in march and low market cap going into this rally, hoping to see at least $2-3 in next rally. In terms of the short term: Holding above 1.08-1.10 for atleast a day and not just a pump can help build momentum for a rally but if not we may see .98 being retested.
by FederalDiamond69420
BEL/USDT In the sideways zone, it required break to continue UP!💎 Paradisers, BEL is indeed demonstrating intriguing movements that warrant close attention. 💎 It appears poised to retest support around 0.967 before potentially continuing its upward trajectory towards the resistance zone between 1.09 and 1.15. 💎 A breakout above this resistance would signal a return to bullish momentum, possibly leading to a move towards our target resistance area. 💎 However, if BEL experiences rejection at the resistance zone, similar to previous attempts, it may retreat back to the support level. Sustaining above this support is crucial, as a breach could indicate further downward movement towards the key support area around 0.72. 💎 Observing the chart, BEL seems to be trading within a sideways range between 0.72 and 1.15, highlighting the significance of these levels. Historical data suggests that BEL has successfully bounced back to the upside after hitting the key support area twice before. 💎 However, bullish sentiments would be invalidated if the daily candle of BEL closes below the key support area. In such a scenario, the price could experience further decline. MyCryptoParadise iFeel the success🌴
by MyCryptoParadise_Nathan
2
Technical Analysis of BELUSDT.P on the 4h chartTechnical Analysis of BELUSDT.P on the 4h chart Key Data: Current Price: 0.9328 Last Doji High: 0.9228 Last Doji Low: 0.8891 Bollinger Bands (21,2): Lower Band: 0.8903 Middle Band (SMA): 0.9328 Upper Band: 0.9754 Support Level: 0.8917 Resistance Level: 0.9509 Last Overbought: 8th May 2024, above 0.8087 Last Oversold: 1st May 2024, below 0.7534 Analysis: Price Position Relative to Bollinger Bands: The current price (0.9328) is exactly at the middle band of the Bollinger Bands (0.9328), suggesting a neutral stance in terms of market direction. The price is within the range of the lower band (0.8903) and the upper band (0.9754), indicating no immediate overbought or oversold conditions. Doji Analysis: The last doji high (0.9228) and low (0.8891) mark the range of recent indecision. The current price being above the last doji high (0.9228) indicates a potential bullish breakout from this range. Support and Resistance Levels: The support level (0.8917) is below the current price, indicating a solid base in case of a price pullback. The resistance level (0.9509) is the next target for a potential bullish move, marking a significant level to watch for price action. Historical Overbought and Oversold Conditions: The last overbought condition on 8th May 2024, with the price above 0.8087, indicates a recent period of strong bullish sentiment. The last oversold condition on 1st May 2024, with the price below 0.7534, indicates a recent low point of strong bearish sentiment. Interpretation: Bullish Signals: The current price being at the middle Bollinger Band (0.9328) and above the last doji high (0.9228) suggests a potential for continued bullish momentum. A move towards the upper Bollinger Band (0.9754) and the resistance level (0.9509) would confirm the bullish trend. Neutral/Bearish Signals: If the price fails to sustain above the middle Bollinger Band (0.9328) and the last doji high (0.9228), it could indicate a potential reversal or consolidation. A pullback towards the support level (0.8917) would indicate a weakening of the bullish momentum. Potential Actions: For Bulls: Watch for the price to sustain above the middle Bollinger Band (0.9328) and aim for the resistance level (0.9509) as a target. Monitor for any bullish continuation patterns or strong volume to confirm the uptrend. For Bears: If the price fails to maintain above the middle Bollinger Band (0.9328), look for potential short opportunities. A break below the last doji high (0.9228) and towards the support level (0.8917) would indicate a potential bearish reversal. Conclusion: BELUSDT.P is currently at a neutral point, sitting at the middle Bollinger Band and just above the last doji high. This indicates potential bullish momentum if the price can sustain and move towards the resistance level of 0.9584. Monitoring the price action around the current level and looking for confirmation of either bullish continuation or a potential pullback will be crucial for making informed trading decisions. Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Trading cryptocurrencies involves significant risk, and you should consult with a qualified financial advisor before making any investment decisions.
by The_Bull_Trader