BCH at RSI 20.5 on the 4H — that is deep oversold territory. Yet the selling is not stopping. Volume is 4.4x average and price just crashed -12.47%. Sometimes the best shorts are the ones everyone says are 'too low to short.'
📉 The Picture:
Bitcoin Cash broke below the 7-day SMA ($251.51) and is now testing the 99-day SMA ($223.77) — a make-or-break level. The 4H MACD is deeply negative (-5.22) and the histogram is expanding. This is not a dip-buy setup yet.
🔍 Why This Trade?
The L/S ratio at 1.89 tells me the crowd is STILL trying to catch the knife with longs. When oversold conditions persist with heavy volume and the crowd is long, the flush continues until those longs capitulate. The daily RSI at 39.9 has room to go lower. Target the $200 psychological level.
📋 Trade Plan (SHORT):
• Entry: $222.90 – $229.29
• Stop Loss: $238.88 (above recent swing)
• TP1: $216.21 | TP2: $209.52 | TP3: $200.61
• Risk/Reward: 0.8 (solid for an oversold continuation)
Key watch: if 4H RSI drops below 15, start taking profits — that is extreme exhaustion territory.
❓ BCH: oversold bounce imminent or flush to $200 first? Drop your call 📊
#BCH #BitcoinCash #DYOR
⚠️ Not financial advice. Do your own research. Crypto is volatile — never risk more than you can afford to lose.
📉 The Picture:
Bitcoin Cash broke below the 7-day SMA ($251.51) and is now testing the 99-day SMA ($223.77) — a make-or-break level. The 4H MACD is deeply negative (-5.22) and the histogram is expanding. This is not a dip-buy setup yet.
🔍 Why This Trade?
The L/S ratio at 1.89 tells me the crowd is STILL trying to catch the knife with longs. When oversold conditions persist with heavy volume and the crowd is long, the flush continues until those longs capitulate. The daily RSI at 39.9 has room to go lower. Target the $200 psychological level.
📋 Trade Plan (SHORT):
• Entry: $222.90 – $229.29
• Stop Loss: $238.88 (above recent swing)
• TP1: $216.21 | TP2: $209.52 | TP3: $200.61
• Risk/Reward: 0.8 (solid for an oversold continuation)
Key watch: if 4H RSI drops below 15, start taking profits — that is extreme exhaustion territory.
❓ BCH: oversold bounce imminent or flush to $200 first? Drop your call 📊
#BCH #BitcoinCash #DYOR
⚠️ Not financial advice. Do your own research. Crypto is volatile — never risk more than you can afford to lose.