$BCH has made a sharp impulsive move from the lower range, followed by a slowdown near the recent high. After this kind of aggressive expansion, price is now showing hesitation and loss of momentum at the top. The structure is shifting from impulse to consolidation, which often precedes a corrective move rather than immediate continuation. Buyers are struggling to push further, while sellers are beginning to absorb liquidity near resistance.
Price is currently trading inside a clear supply area where previous advances stalled. The failure to hold above the recent high and the appearance of small-bodied candles signal exhaustion. Volatility expanded on the push but is now compressing, increasing the probability of a pullback as late buyers get trapped near the top.
Support and resistance are clearly defined.
On the upside, resistance is located around 622–628, which is acting as the primary rejection zone. A higher resistance sits near 635–642, the area where stronger selling pressure is expected if price spikes again.
On the downside, first support lies around 610–612, the nearest demand zone and first reaction level. If that breaks, the next major support is around 595–600, where deeper liquidity and stronger bids are likely to appear.
Overall structure favors a corrective move rather than sustained upside continuation.
Short Trade Signal
Margin: 20x – 50x (Cross)
Leverage: 20x – 50x
Entry 1: 622
Entry 2: 635
Take Profits:
TP1: 612
TP2: 598
Or Take Profit from 100% to 300%
Stop Loss:
* 645
Short #BCH Here 👇🏻👇🏻
