$BCH
BEARISH SHORT SETUP
Analysis:
$BCH is showing signs of exhaustion near the 565ā570 resistance zone. Price has failed to sustain above this level multiple times, indicating potential reversal pressure. Volume is weakening, and momentum indicators suggest a short-term correction could follow if support breaks.
Entry: Short below 545
Targets:
šÆ TP1 ā 530
šÆ TP2 ā 515
šÆ TP3 ā 500
Stop Loss: Above 560
Risk Management:
Maintain disciplined risk exposure ā limit risk to 2ā3% per trade and avoid over-leveraging in volatile moves.
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