🔻 $BCH – Bearish Rejection at Major Supply Zone 📉⚠️
Bitcoin Cash just tapped into a strong resistance block near $436 and faced immediate rejection. This level has previously acted as a major supply zone, and once again, it’s proving tough to break through. Bears may be stepping back in.
📌 Entry: 430.5
🎯 Target: 421.5
🔻 Stop Loss: 436.8
📊 Setup Breakdown:
• Strong upside wick near resistance
• Previous structure breakdown now acting as resistance
• Potential for lower high formation = bearish continuation setup
🔍 Eyes on volume and confirmation below $428 for added momentum!
🎯 Ideal setup for short traders aiming for clean breakdowns.
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