【$BEL Signal】Bullish acceleration breakout, negative funding rate continues to squeeze

$BEL 1H Bollinger Bands upper band 0.2109 has been broken, current price 0.2145 firmly outside the upper band. 4H MACD red bars continue to expand, buying pressure actively pushing higher. Funding rate -0.0177%, short positions remain under pressure. Market depth ratio is 0.68, with significant wall of sell orders, but price is holding firm, signs of short covering emerging.

🎯Direction: Long

⚡Entry/Order: 0.2138665 - 0.2145100

🛑Stop Loss: 0.2037845

🚀Target 1: 0.2305983

🚀Target 2: 0.2386424

🛡️Trade Management:
- Execution Strategy: Reduce 50% of position after reaching Target 1, move stop loss to break-even. If price falls back to entry level, automatically exit to protect capital.

After breaking previous high, 1H RSI at 73.88 has not shown serious divergence. Negative funding rate combined with stable open interest indicates short covering momentum remains. However, caution is needed for the retracement after such a rapid surge. Risk-reward ratio is 1.5x, with proper risk control, execution is advised.

Check real-time market 👇 $BEL
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