Is BELUSDT Preparing for a Bearish Break or Setting a Trap?

11 Okt

Yello, Paradisers! Are you ready for what could be a pivotal move in BELUSDT? This setup is hinting at a potential bearish shift, but let’s look closer to see what could confirm this view.

💎BELUSDT has completed a liquidity sweep and shown a Change of Character (CHoCH), signaling a shift towards a bearish market structure. It has also broken down from its ascending channel and is currently forming a Head and Shoulders pattern, which adds to the probability of a further bearish move.

💎Now, if BELUSDT breaks down and closes a candle below the key support zone, it would validate the Head and Shoulders pattern and significantly increase the likelihood of a bearish continuation.

💎However, if we see a rise from this level, BEL could form a Double Top structure from the bearish Order Block (OB). But it’s crucial to wait for another internal CHoCH towards the bearish market structure to strengthen the probability on our side.

💎That said, if the price breaks out and closes a candle above the bearish OB, it would invalidate our entire bearish outlook. In this case, it’s best to remain patient and wait for a more reliable price action setup to develop before taking any new positions.

🎖Remember, Paradisers, patience and discipline are key. Always wait for confirmed signals before making a move—let the market show its hand, and don’t get caught by emotional decisions. Consistency over impulsivity is the only way to make it long-term! Stay sharp!

MyCryptoParadise
iFeel the success🌴

4 hari lalu

Nota

💎Bingo! #BELUSDT is dancing to our tune, Down 25% just like we predicted.

💎BEL has formed the double top pattern as expected, resulting in a solid 25% downside move. This confirms the strength of well-planned analysis and disciplined trading.

💎Book some profits and move your stop-loss to break even. This way, you lock in your gains while ensuring your initial capital is protected if the market shifts unexpectedly.