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