Would you trust the BCH short continuation signal here? Here's the analysis
CONTINUATION — 📉 SHORT
Here's what the data shows:
• Price: 263.94 (24H Range: 214.25–269.58)
• RSI(14): 84.5 — Extremely Overbought 🔴
• EMA20: $243.03 | EMA50: $227.92 ⚠️ Above EMA50
• Volume: $247.75M
📉 If yes, here's the plan:
📉 Entry: 262.40 – 265.03
🛑 Stop: 278.28
🎯 TP1: 238.38
🎯 TP2: 221.79
🎯 TP3: 199.55
RSI extended from overbought — historically a high probability fade zone.
The trade is straightforward — short the bounces.
The lower highs continue — textbook downtrend.
Dip Buyers Here 👉 $BCH 👈 Join Them
#BCH
CONTINUATION — 📉 SHORT
Here's what the data shows:
• Price: 263.94 (24H Range: 214.25–269.58)
• RSI(14): 84.5 — Extremely Overbought 🔴
• EMA20: $243.03 | EMA50: $227.92 ⚠️ Above EMA50
• Volume: $247.75M
📉 If yes, here's the plan:
📉 Entry: 262.40 – 265.03
🛑 Stop: 278.28
🎯 TP1: 238.38
🎯 TP2: 221.79
🎯 TP3: 199.55
RSI extended from overbought — historically a high probability fade zone.
The trade is straightforward — short the bounces.
The lower highs continue — textbook downtrend.
Dip Buyers Here 👉 $BCH 👈 Join Them
#BCH