Chibuike_Odoh

BELUSDT { BELLA PROTOCOL } - BULLISH SETUP

Long
BINANCE:BELUSDT   BEL / TetherUS
ANALYSIS πŸ”Ž
- BELUSDT hit a swing high and retraced.
- Price retested the all-time low support.
- There was a relatively high concentration of buyers at that zone.
- The downtrend was resisted by the descending trendline resistance.
- Price brokeout above the descending trendline resistance.
- This is a bullish signal.

BUY ENTRY ⬆️
- Market entry: current market price.
- Stop limit entry: breakout above the horizontal resistance level (@2.47).
- Limit entry: possible retest.

TARGETS 🎯
- Horizontal resistance level (@4 7).
- Horizontal resistance level (@5.8473).

SETUP INVALIDATION ❌
- Breakdown below the horizontal support level (@0.6006).

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