BEL/BTC (Uptrend Reversal Confirmed)

BINANCE: BELBTC


-BEL coin confirmed the Double Bottom reversal pattern after breaking above 50ma
-On the 1H chart, we can see a Bullish retest of previous resistance turned support
-The price is now touching the 50k sat area and might see another leg up
-This new uptrend is followed with strong volume plus the RSI is above 70 level
-Indicating strong Buyers keeping the price above average
-I don't recommend buying at market price because the risk to reward is not good
-I would rather look for another coin or wait for a proper pullback entry


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