$BEL is currently forming a double bottom pattern, with the trendline already breached—suggesting a growing probability of price moving to aimt the neckline at 0.1289.

A successful breakout above this neckline would confirm bullish momentum, potentially flipping it into a strong support level. This would signal increased buyer confidence, opening opportunities for long positions targeting 0.1629 and 0.1693.
However, failure to break and hold above the neckline could result in rejection, pulling price back toward the trendline support for another test.
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