【$BEL Signal】Pullback to add longs + 1H RSI divergence, obvious signs of main force supporting the market

$BEL 1H RSI shows bullish divergence, price is supported around 0.105, and the 4H level remains in a healthy retracement zone after yesterday's large bullish candle. Negative funding rate is as high as -0.23%, but open interest remains stable, and the price has not fallen sharply, indicating potential short squeeze. Currently, it is not suitable to chase high directly; wait for a retracement or breakout confirmation signal.

🎯Direction: Watchful (Pending Orders )

⚡Order Strategy:

- Breakout Long: Price > 0.1085 (Reason: Stand firm above 1H EMA20, confirm the end of the retracement )

- Pullback Long: Price = 0.1040 - 0.1045 (Reason: Support from 4H EMA50 and yesterday's breakout high )

🛑Stop Loss: 0.1025 (Reason: Break below key 4H support and ATR lower band )

🚀Target 1: 0.1120 (Reason: Previous high resistance level )

🚀Target 2: 0.1180 (Reason: 1.618 Fibonacci extension level )

🛡️Trade Management:

- Position Size: Light (Reason: 4H trend is not fully clear, representing a small counter-trend game within a larger trend )

- Execution Strategy: If pending orders are filled, take profit at Target 1 by reducing 50% of the position, and move stop loss to entry price. Remaining position aims for Target 2.

Deep Logic: Market depth shows sell orders above 0.1061 are extremely thin, only 506 contracts, while buy orders below 0.1060 are heavily stacked, indicating main force has an intention to support around 0.106. The 1H RSI (46.89) has rebounded from oversold territory, forming divergence with the new price lows. Although buy/sell ratio is neutral, in a negative funding environment, the price remains resilient, and open interest is stable, which is a typical short squeeze brewing structure. The key is whether the price can hold the support zone at 0.104-0.105.

View real-time market 👇 $BEL

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