$$BEL This 20cm bullish candle breaking through the sky, 0.1244 is the last fig leaf for the bears. Do you think the 29% rise is over? Look at the trading volume of 30 million, nearly tripling yesterday’s, this isn’t retail buying, it’s whales snatching up positions. Whales like to accumulate around 0.12, today’s surge high and then pullback closed at 0.1204, a classic shakeout tactic—first pushing the shorts to the limit, then shaking out the weak-handed longs. Don’t ask me how I know, I’ve seen this script in the crypto world for ten years.

On-chain data shows large addresses added 10% to their positions near 0.11, and that needle at 0.0926 was a golden pit smashed out last week. Now the price is stuck at 0.12, just at the upper end of the dense consolidation zone from two months ago. Once it breaks through 0.1244, the next resistance is at 0.15, where there are 15 million orders waiting. But don’t foolishly chase the high—over 30% gains above 0.12 have already exhausted short-term sentiment, and the intraday MACD divergence indicates a pullback to around 0.11 is a comfortable entry point.
My trading advice: if you haven’t entered yet, place orders between 0.108-0.112 to buy back, with a stop loss at 0.098 (if it breaks down effectively, it means the accumulation logic has failed). Keep your position under 5%, because the BEL daily chart is still consolidating at the bottom, this is just the first wave of a rebound. Spot holders can reduce 30% between 0.124-0.128, then buy back on the pullback—this kind of rally is likely to shake out for two days. Margin traders, pay attention: the contract fee rate above 0.12 has already risen to 0.3%, don’t give away your money by opening long positions.
Has the news already been priced in? If the hourly volume at 8 PM shrinks, it indicates short-term bullish momentum has exhausted, but I bet that 0.12 is a new support rather than resistance.