$BCH is currently reacting lower from the 426.7–428.1 resistance zone, where price is showing rejection and a short 75x isolated position has been taken. The trade plan is structured with entries in that resistance band, targeting downside levels at 423.2, 421.8, and 419.0, while the stop loss is placed at 431.6 to invalidate the bearish setup.
The idea is based on a continued 4H bearish structure, with price repeatedly rejecting the 427 region. On lower timeframes, RSI around 30 suggests there is still room for further downside if momentum continues, while reduced volume compared to expectations indicates weakening buying pressure and active seller control.
In terms of execution, waiting for confirmation is generally safer than chasing market entries in resistance zones like this. A better approach is often to observe whether rejection continues after entry into the zone, rather than entering blindly at market, especially in high-leverage setups where precision and risk control matter more than speed.
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