๐๐ฅ Update $BEL โ Extremely strong buying exhaustion! ๐ดโ ๏ธ
๐ฐ Price: 0.1249
๐ Timeframe: 4H
๐ด RSI: 80.41 โ Extreme Overbought
๐ด Recommendation: Be cautious with LONG and consider SHORT only after a reversal is confirmed
๐ฏ Watch zone: 0.1245 โ 0.1260
๐ฏ TP1: 0.1225
๐ฏ TP2: 0.1200
๐ฏ TP3: 0.1170
๐ Stop Loss: 0.1275
โ ๏ธ When RSI reaches 80.41 on the 4-hour timeframe, that means $BEL is in a very strong state of buying exhaustion, especially after the last big surge.
๐ But: Buying exhaustion alone doesnโt mean an immediate drop; the coin may keep rising before a correction.
๐ฅ Confirming SHORT: price rejection followed by a break below 0.1225.
๐ A breakout of 0.1275 and holding above it cancels the correction scenario.
๐จ Right now, itโs best not to chase LONG from the top and to wait for a confirmed reversal.
$BEL #BEL #BELUSDT #Binance #Crypto
๐ฐ Price: 0.1249
๐ Timeframe: 4H
๐ด RSI: 80.41 โ Extreme Overbought
๐ด Recommendation: Be cautious with LONG and consider SHORT only after a reversal is confirmed
๐ฏ Watch zone: 0.1245 โ 0.1260
๐ฏ TP1: 0.1225
๐ฏ TP2: 0.1200
๐ฏ TP3: 0.1170
๐ Stop Loss: 0.1275
โ ๏ธ When RSI reaches 80.41 on the 4-hour timeframe, that means $BEL is in a very strong state of buying exhaustion, especially after the last big surge.
๐ But: Buying exhaustion alone doesnโt mean an immediate drop; the coin may keep rising before a correction.
๐ฅ Confirming SHORT: price rejection followed by a break below 0.1225.
๐ A breakout of 0.1275 and holding above it cancels the correction scenario.
๐จ Right now, itโs best not to chase LONG from the top and to wait for a confirmed reversal.
$BEL #BEL #BELUSDT #Binance #Crypto