BCH is slumping below the 20‑day EMA, trading around 210 USD as sellers dominate the market. The last 48 hours have erased the bullish momentum that lifted it above 230 USD.
🔴 $BCH SHORT 📉
Entry $275.9638-$276.5162 | SL $284.5272 (-3.0%) | TP1 $272.0964 (+1.5%) | TP2 $262.4280 (+5.0%) | R/R 1:1.7 | Conf 64%
A clear change of character popped on the 1‑hour chart as price broke the recent swing low, confirming the CHoCH. The CVD turned negative while a fresh fair‑value gap opened right under the broken structure, and an order block sits directly on that gap, giving a POI confluence. A liquidity sweep on the 15‑minute chart erased the last buy‑stop cluster, tightening the short bias.
A 3 % stop is relatively tight on this volatility, so keep leverage at or below 5×.
Take half the position off at the first target around 197 USD to lock in the early gain.
DYOR — this isn't financial advice, size your risk accordingly 🙏
$BCH #BCHUSDT #THORChain #TradingSignals #Write2Earn
🔴 $BCH SHORT 📉
Entry $275.9638-$276.5162 | SL $284.5272 (-3.0%) | TP1 $272.0964 (+1.5%) | TP2 $262.4280 (+5.0%) | R/R 1:1.7 | Conf 64%
A clear change of character popped on the 1‑hour chart as price broke the recent swing low, confirming the CHoCH. The CVD turned negative while a fresh fair‑value gap opened right under the broken structure, and an order block sits directly on that gap, giving a POI confluence. A liquidity sweep on the 15‑minute chart erased the last buy‑stop cluster, tightening the short bias.
A 3 % stop is relatively tight on this volatility, so keep leverage at or below 5×.
Take half the position off at the first target around 197 USD to lock in the early gain.
DYOR — this isn't financial advice, size your risk accordingly 🙏
$BCH #BCHUSDT #THORChain #TradingSignals #Write2Earn