$BCH SHORT SETUP
$BCH is retesting a major supply and resistance zone after its recent recovery, and sellers are beginning to show signs of strength. Price is struggling to maintain the upside momentum, making this area interesting for a potential short.
Trading Plan — Short $BCH
Entry: 203 – 212
SL: 225
TP1: 195
TP2: 190
TP3: 185
The rebound has pushed BCH back into an area where selling pressure could increase. If this resistance continues to hold and buyers fail to reclaim the zone, we could see a fresh move lower toward the nearby liquidity and support levels.
Watch the reaction around the entry zone carefully and manage risk properly. Don’t chase the move if price runs away from the planned entry.
DYOR (Do Your Own Research).
$BCH is retesting a major supply and resistance zone after its recent recovery, and sellers are beginning to show signs of strength. Price is struggling to maintain the upside momentum, making this area interesting for a potential short.
Trading Plan — Short $BCH
Entry: 203 – 212
SL: 225
TP1: 195
TP2: 190
TP3: 185
The rebound has pushed BCH back into an area where selling pressure could increase. If this resistance continues to hold and buyers fail to reclaim the zone, we could see a fresh move lower toward the nearby liquidity and support levels.
Watch the reaction around the entry zone carefully and manage risk properly. Don’t chase the move if price runs away from the planned entry.
DYOR (Do Your Own Research).