๐จ $BCH Looking for Direction | Trade Setup Ready ๐จ
Current Price: 278.6 (+0.98%)
24h High: 280.9 | 24h Low: 272.1
Chart Overview:
Strong downtrend from 318 โ recent low at 268.4
Price is currently consolidating near EMA(7)
Still trading below EMA(25) & EMA(99) โ
Overall bearish structure
RSI(6) at 43.8 โ Neutral to slightly weak
Stochastic showing mixed signals
๐ LONG Setup:
Entry Zone: 274.0 โ 276.5
Stop Loss: 269.0
Targets:
๐ฏ TP1: 283.0
๐ฏ TP2: 288.0
๐ฏ TP3: 295.0 โ 300.0
๐ SHORT Setup:
Entry Zone: 282.0 โ 285.0 (on rejection)
Stop Loss: 289.5
Targets:
๐ฏ TP1: 276.0
๐ฏ TP2: 272.0
๐ฏ TP3: 268.0
Bias: Still in a broader downtrend. Prefer shorts on resistance or wait for clear breakout above EMA(25) for longs.
โ ๏ธ Always use proper risk management.
NFA โ DYOR
#BCH #BitcoinCash #Crypto #Binance $BCH
Current Price: 278.6 (+0.98%)
24h High: 280.9 | 24h Low: 272.1
Chart Overview:
Strong downtrend from 318 โ recent low at 268.4
Price is currently consolidating near EMA(7)
Still trading below EMA(25) & EMA(99) โ
Overall bearish structure
RSI(6) at 43.8 โ Neutral to slightly weak
Stochastic showing mixed signals
๐ LONG Setup:
Entry Zone: 274.0 โ 276.5
Stop Loss: 269.0
Targets:
๐ฏ TP1: 283.0
๐ฏ TP2: 288.0
๐ฏ TP3: 295.0 โ 300.0
๐ SHORT Setup:
Entry Zone: 282.0 โ 285.0 (on rejection)
Stop Loss: 289.5
Targets:
๐ฏ TP1: 276.0
๐ฏ TP2: 272.0
๐ฏ TP3: 268.0
Bias: Still in a broader downtrend. Prefer shorts on resistance or wait for clear breakout above EMA(25) for longs.
โ ๏ธ Always use proper risk management.
NFA โ DYOR
#BCH #BitcoinCash #Crypto #Binance $BCH