Short $BCH , price facing resistance at 228 on the 4H.
If 228 rejects: 225, then 223.
If price gets back above 231: idea's dead.
Watching for seller reaction here. A close below the level and I'm interested.
- Price at 228 sits below the 4H EMA50, trend's on sellers' side.
- Daily trend is down, aligning with the current setup.
- 1H RSI at 36, showing room to drop further.
🔴 SHORT · Entry 227.8–228.3 · TP 226.2 / 225.0 / 223.1 · SL 231.1
nfa · dyor
If 228 rejects: 225, then 223.
If price gets back above 231: idea's dead.
Watching for seller reaction here. A close below the level and I'm interested.
- Price at 228 sits below the 4H EMA50, trend's on sellers' side.
- Daily trend is down, aligning with the current setup.
- 1H RSI at 36, showing room to drop further.
🔴 SHORT · Entry 227.8–228.3 · TP 226.2 / 225.0 / 223.1 · SL 231.1
nfa · dyor
