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$BEL Shows strong rejection at resistance – Short trade in progress 📉
Trading Setup: Short (Short)
Entry Zone: 0.1120 – 0.1135$
**Stop Loss:** 0.1175$ (Breaking this level invalidates the setup)
Take Profit Targets:
· TP1: 0.1090$
· TP2: 0.1060$
· TP3: 0.1025$
Leverage: Maximum 20x (with strict risk management)
$BEL
Reason:
The recent rally lost momentum near the resistance zone, with multiple rejection candles confirming sellers' control. As long as the price remains below 0.1175$, the bearish scenario remains favored towards lower support levels.