📊🔥 Update $BEL — Extremely strong buying exhaustion! 🔴⚠️
💰 Price: 0.1249
📊 Timeframe: 4H
🔴 RSI: 80.41 — Extreme Overbought
🔴 Recommendation: Be cautious with LONG and consider SHORT only after a reversal is confirmed
🎯 Watch zone: 0.1245 – 0.1260
🎯 TP1: 0.1225
🎯 TP2: 0.1200
🎯 TP3: 0.1170
🛑 Stop Loss: 0.1275
⚠️ 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.
📉 But: Buying exhaustion alone doesn’t mean an immediate drop; the coin may keep rising before a correction.
🔥 Confirming SHORT: price rejection followed by a break below 0.1225.
🚀 A breakout of 0.1275 and holding above it cancels the correction scenario.
🚨 Right now, it’s best not to chase LONG from the top and to wait for a confirmed reversal.
$BEL #BEL #BELUSDT #Binance #Crypto
💰 Price: 0.1249
📊 Timeframe: 4H
🔴 RSI: 80.41 — Extreme Overbought
🔴 Recommendation: Be cautious with LONG and consider SHORT only after a reversal is confirmed
🎯 Watch zone: 0.1245 – 0.1260
🎯 TP1: 0.1225
🎯 TP2: 0.1200
🎯 TP3: 0.1170
🛑 Stop Loss: 0.1275
⚠️ 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.
📉 But: Buying exhaustion alone doesn’t mean an immediate drop; the coin may keep rising before a correction.
🔥 Confirming SHORT: price rejection followed by a break below 0.1225.
🚀 A breakout of 0.1275 and holding above it cancels the correction scenario.
🚨 Right now, it’s best not to chase LONG from the top and to wait for a confirmed reversal.
$BEL #BEL #BELUSDT #Binance #Crypto