$BCH /USDT ā€“ BEARISH MOVE INCOMING āš ļøšŸ“‰

šŸšØ Current Price: $459.7

šŸ“Š 24h High/Low: $469.9 / $431.9

šŸ“ˆ MA Levels: MA(7): 461.2 | MA(25): 461.8 | MA(99): 449.0

šŸ•“ Timeframe: 4H / 1D

šŸ“Œ Exchange: Binance

šŸ” TECHNICAL OUTLOOK:

$BCH is showing signs of exhaustion near resistance, failing to sustain above short-term MAs. Despite a brief pump, momentum is waning as it hovers below both MA(7) & MA(25). Bearish divergence is also evident on MACD.

šŸ§± KEY LEVELS:

Immediate Resistance: $469.9 šŸ”¼

Major Resistance: $471.6 šŸš«

Current Price: $459.7

Immediate Support: $449.0 šŸŸ”

Strong Support Zone: $437.0 ā€“ $433.0 šŸ›”ļø

šŸ’£ TRADE SETUP ā€“ SHORT ENTRY:

Entry: $460 ā€“ $463

Stop Loss (SL): $472

Take Profit (TP):

TP1: $449

TP2: $437

TP3: $433

> Confirmation: Wait for breakdown below $456.3 with increased volume šŸ”

šŸ“‰ RISK MANAGEMENT:

Always risk only 1-2% of your total capital per trade. Maintain discipline and use a hard SL. No revenge trading! šŸ§ šŸ’¼

šŸ“Œ Summary: BCH is facing downside pressure from key resistances and weakening momentum. Until a breakout above $472, bears are in control.

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