BCH is slipping under the 260-level, looking primed for a quick dive. The last hour’s action shows sellers taking charge.
🔴 $BCH SHORT 📉 — Trade Plan
• Entry: $281.6481 – $282.2119
• Stop: $290.3879 (-3.0%)
• Target 1: $277.7011 (+1.5%)
• Target 2: $267.8335 (+5.0%)
• R/R 1:1.7 | Confidence 64%
We got a clean CHoCH as price broke the swing low, the CVD turned bearish and the FVG is still open, giving a sweet entry zone. An order block sits right on top of that gap, and the liquidity sweep just ate the last buy stop. All that lines up at the POI where the OB and FVG overlap, so the short looks legit.
A 3% stop is pretty tight, so stick to low-leverage like 2-3x.
Take half off the table once you hit the first target around 250.
As always: manage your risk, this is not financial advice 🙏
$BCH #BCHUSDT #THORChain #TradingSignals #Write2Earn
🔴 $BCH SHORT 📉 — Trade Plan
• Entry: $281.6481 – $282.2119
• Stop: $290.3879 (-3.0%)
• Target 1: $277.7011 (+1.5%)
• Target 2: $267.8335 (+5.0%)
• R/R 1:1.7 | Confidence 64%
We got a clean CHoCH as price broke the swing low, the CVD turned bearish and the FVG is still open, giving a sweet entry zone. An order block sits right on top of that gap, and the liquidity sweep just ate the last buy stop. All that lines up at the POI where the OB and FVG overlap, so the short looks legit.
A 3% stop is pretty tight, so stick to low-leverage like 2-3x.
Take half off the table once you hit the first target around 250.
As always: manage your risk, this is not financial advice 🙏
$BCH #BCHUSDT #THORChain #TradingSignals #Write2Earn