$BCH #BCH đ
Direction: SHORT
Entry zone: 266.92 to 267.98
Stop loss: 271.46
Target 1: 262.10
Target 2: 258.09
Bitcoin Cash is trading near 267.45 dollars, down 7.75 percent in 24 hours, inside a range of 261.46 to 290.13 dollars, and the recent closes show a slow fade from the highs, 267.73, then 268.41, then 267.79, then 266.91, then 267.45. đŽ My reading is that BCH fell harder than Bitcoin in this crash, and every close is drifting down from 268 dollars with no bounce, so a break of the range low at 261.46 dollars would open the downside fast. A short from the current zone, with a stop above 271.46, targets 262.10 first and then 258.09 if sellers push through the range low. A rise above 271.46 kills the idea without debate.
Futures trading is risky. Trade small, use a stop loss, and do your own research. This is my reading, not a guaranteed signal.
Does BCH fall to 262.10 first, or rise above 271.46? đ€
Follow for more trades.
#BitcoinCash #Crypto #FuturesTrading #TradingSignals
Direction: SHORT
Entry zone: 266.92 to 267.98
Stop loss: 271.46
Target 1: 262.10
Target 2: 258.09
Bitcoin Cash is trading near 267.45 dollars, down 7.75 percent in 24 hours, inside a range of 261.46 to 290.13 dollars, and the recent closes show a slow fade from the highs, 267.73, then 268.41, then 267.79, then 266.91, then 267.45. đŽ My reading is that BCH fell harder than Bitcoin in this crash, and every close is drifting down from 268 dollars with no bounce, so a break of the range low at 261.46 dollars would open the downside fast. A short from the current zone, with a stop above 271.46, targets 262.10 first and then 258.09 if sellers push through the range low. A rise above 271.46 kills the idea without debate.
Futures trading is risky. Trade small, use a stop loss, and do your own research. This is my reading, not a guaranteed signal.
Does BCH fall to 262.10 first, or rise above 271.46? đ€
Follow for more trades.
#BitcoinCash #Crypto #FuturesTrading #TradingSignals
