I'm on $BCH — Long Liquidation: $2.8918K at $367.59
BCH witnessed a $2.89K long liquidation at $367.59, indicating trapped longs and rising downside pressure.
Price rejected from the $370 zone, showing clear resistance and fading bullish momentum.
Structure turns fragile if bulls can't reclaim and hold above $368.
Short Setup:
• Entry: $365–$370
• TP1: $352
• TP2: $340
• TP3: $318
• SL: Above $375
Watch how $BCH reacts near $367—sustained rejection confirms weakness.
Volume increase on breakdown? Expect sharp moves lower.