🔻 SHORT
$BCH 💰 Entry: 225.73
🛡 Stop-loss: 228.94 (−1.4%)
🎯 Take-profit: 220.78 → 219.94
📈 A bearish engulfing candle just swallowed the prior green candle at EMA20 — sellers won the decisive bar and a short-term top is locked in.
• EMA stack is inverted with a wide downside spread — trend structure favors sellers
• Price pulled back just 0.5% into EMA20 and rejected instantly — low-quality bounce, weak dip buyers
• Bearish Engulfing printed at 1.2x ATR range — a full-bodied rejection, not indecision noise
• 4H, daily and Elliott structure all point the same way — clean higher-timeframe confluence
• Taker imbalance leans sell-side while RSI at 54 leaves room to fall before oversold
⭐ Score 64.2/100 ★★★☆☆
Short the rejection while price stays below EMA20; keep the stop tight above the engulfing swing high.
💬 Short
$BCH too, or taking the other side? Drop your call below.
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