๐จ $BCH SHORT SETUP ๐จ
BCH is fading after a sharp pump to about $364, printing lower highs as it gives back the move. ๐
I'm watching for a SHORT on a bounce into resistance rather than chasing the current candle.
Entry: $322 โ $338
TP1: $305
TP2: $285
TP3: $270
SL: $350
๐ป Why BCH is on watch
Trading around $310, about 15% below the 7-day high of roughly $364. Down about 3โ9% this week after a ~22% monthly gain. The $336โ$345 zone that held earlier is now overhead resistance. Support at $302โ$303 is the 7-day low, and a break opens $295, then the $270โ$275 breakout base. Volume surged during the pump and has since cooled$BCH
BCH is fading after a sharp pump to about $364, printing lower highs as it gives back the move. ๐
I'm watching for a SHORT on a bounce into resistance rather than chasing the current candle.
Entry: $322 โ $338
TP1: $305
TP2: $285
TP3: $270
SL: $350
๐ป Why BCH is on watch
Trading around $310, about 15% below the 7-day high of roughly $364. Down about 3โ9% this week after a ~22% monthly gain. The $336โ$345 zone that held earlier is now overhead resistance. Support at $302โ$303 is the 7-day low, and a break opens $295, then the $270โ$275 breakout base. Volume surged during the pump and has since cooled$BCH