Short $BCH : price sits at resistance 306.5–307 on the 4H.
Reject 307 → 302, then 300.
Reclaim 311 → the idea is off the table.
I wait for sellers to defend this level before considering the move down.
What backs it:
- 4H price at 307 below EMA50 313, trend structure favors sellers.
- Daily below EMA200 328, the bigger trend is also on this side.
- BTC short-term trend bearish adds a tailwind for this idea.
🔴 SHORT · Entry 306.5–307.3 · TP 304.2 / 302.4 / 299.7 · SL 311.4
NFA · DYOR
Reject 307 → 302, then 300.
Reclaim 311 → the idea is off the table.
I wait for sellers to defend this level before considering the move down.
What backs it:
- 4H price at 307 below EMA50 313, trend structure favors sellers.
- Daily below EMA200 328, the bigger trend is also on this side.
- BTC short-term trend bearish adds a tailwind for this idea.
🔴 SHORT · Entry 306.5–307.3 · TP 304.2 / 302.4 / 299.7 · SL 311.4
NFA · DYOR
