$BEL: Derivative Data Shows Heavy Long Liquidations Incoming
SHORT SETUP BEL
Entry: $0.13800 - $0.14000
Stop Loss: $0.14450
Take Profit: $0.12800 (2R)
Key Levels: Support $0.12230 | Resistance $0.14420
Technical Analysis for $BEL: Price sits just below the 0.1442 resistance while above all shortterm EMAs. Short entry around 0.1380.140, SL 0.1445, TP 0.128 targets the 0.12230.1263 support zone. Risk invalidates if price breaks above 0.1442. SHORT bias targets continuation toward support, with resistance as the invalidation level. The stop loss defines the risk level for this setup.
Market Context: BTC is bearish on 4h and 1d charts, down 0.6% in 24h, while the broader market shows 71% green breadth. BEL orderbook
SHORT $BEL
SHORT SETUP BEL
Entry: $0.13800 - $0.14000
Stop Loss: $0.14450
Take Profit: $0.12800 (2R)
Key Levels: Support $0.12230 | Resistance $0.14420
Technical Analysis for $BEL: Price sits just below the 0.1442 resistance while above all shortterm EMAs. Short entry around 0.1380.140, SL 0.1445, TP 0.128 targets the 0.12230.1263 support zone. Risk invalidates if price breaks above 0.1442. SHORT bias targets continuation toward support, with resistance as the invalidation level. The stop loss defines the risk level for this setup.
Market Context: BTC is bearish on 4h and 1d charts, down 0.6% in 24h, while the broader market shows 71% green breadth. BEL orderbook
SHORT $BEL