【$BEL Signal】Short squeeze pullback, aiming for a second upward move

$BEL 1H timeframe has experienced a massive rally and is now consolidating strongly at high levels. A single day-volume bullish candle on the 4H chart has directly reversed the downtrend. The current price has pulled back to above the 1H EMA20 (0.1069), forming a strong support level. Negative funding rate (-0.5429%) combined with firm price action indicates a typical short squeeze structure, with clear main force support, waiting for a secondary breakout.

🎯 Direction: Long (Long)

🎯 Entry/Order: 0.1145 - 0.1155 ( Reason: 1H EMA20 support zone and the lower boundary of the current consolidation platform )

🛑 Stop loss: 0.1100 ( Reason: Break below the 1H platform low and the Fibonacci 0.5 retracement of the previous rally )

🚀 Target 1: 0.1220 ( Reason: Previous high resistance and initial resistance on the 4H chart )

🚀 Target 2: 0.1290 ( Reason: New high, testing intraday high )

🛡️ Trading management:

- Position suggestion: Light position ( Reason: Intraday volatility is extremely high, strict risk control needed )

- Execution strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the remaining stop loss to the entry price. If the price strongly breaks through 0.1220, move the remaining stop loss to hold and aim for Target 2.

Deep logic: The explosion in volume on a single 4H candle is a typical signal of main force entry. Although RSI on 1H (63.7) and 4H (76.74) are both high, in a short squeeze scenario, high RSI may become dulled. Market depth data shows buy orders (0.1134-0.1153) are much thicker than sell orders (0.1154-0.1173), indicating strong support below. Open interest remains stable, and the price has not fallen, suggesting accumulation rather than a pump-and-dump. Key is whether the price can hold above 0.1150 and volume increases again.

Check real-time market 👇 $BEL

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