📉 $BCH — Sharp Vertical Spike Meeting Heavy Overbought Pressure

A sudden vertical push with RSI overheating across all ranges signals a high-risk zone.

📍 Entry (short): 556 – 565

🎯 TP1: 528

🎯 TP2: 505

🛑 SL: 595

BCH has printed a steep parabolic move into resistance, with RSI(6/12/24) all hovering around 78–80 and MACD showing an extended upside separation. Volume peaked aggressively, indicating a potential blow-off scenario where buyer momentum may cool rapidly. Price is far from its moving averages, increasing the probability of a retrace back toward equilibrium.

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