Hey Binance Square Family! 😊 BCH just bounced off $469 and is teasing a potential short opportunity—let’s unpack everything clearly, kindly, and with that trademark Square flair! ✨
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🔍 What’s Going On with BCH?
Rallied into resistance: BCH climbed to around $469, riding Bitcoin’s momentum, but has hit a familiar ceiling near $490 where past gains were capped .
Bearish signals emerging: A rising wedge breakdown on 4H with a bearish MACD crossover suggests momentum is cooling and sellers could step in .
Falling back under support: Price moved under key support at ~$444–445, hinting at possible deeper pullbacks toward $420–$430 area .
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📊 Key Levels to Watch
Zone Why It's Important
$469–490 Rejection zone – multiple resistance levels here
$444–445 Breakdown support – watch how price behaves below this
$420–$430 Next key floor zone – rising wedge bottom cluster
$407–$414 Ichimoku Leading Span support — if $420 breaks, these are path targets
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🎯 Short Strategy Cheat Sheet
Strategy Entry Trigger Targets Stop-Loss Guide
Aggressive Short Short once price confirms break below $444–445 T1: $430 • T2: $420 • T3: $407–414 Stop just above $445–$449 resistance
Conservative Short Wait for price to bounce and reject around $469–490 Same targets Stop above that rejection zone (~$495)
🔐 Pro tip: Use trailing stops—once T1 is hit, move your stop to breakeven to lock in safety!
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🧭 Why This Setup Works
1. Bearish wedge breakdown – typical pattern that signals momentum shift .
2. Cooling MACD – bearish crossover underlines weakening buyer control .
3. Resistance at top band – BCH facing supply near $469–490, consistent with prior tops .
4. Ichimoku confirms bias – cloud resistance and dynamic supports align with target zones .
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✅ Final Take for Square Fam
BCH bounced nicely from $469 but is showing signs of weakness—watch for breakdown under $444–445 or rejection off the current range. If either unfolds, a pullback toward $420–$430, possibly even $407–$414, could be on the table. Play smarter with strategic entries, tightened stops, and clear targets! 🎯
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👣 Your Next Moves
1. 👀 Watch breakout behavior around $444–445—entry trigger zone.
2. 🟡 Or wait to see if BCH rejects near $469–490.
3. 🛡 Secure profits: shift stop to breakeven after T1.
4. 🗣 Let us know your setup—aggressive or conservative? Let's chat!
Stay sharp, stay disciplined, and trade with care, Square Family! 💎📉
Disclaimer: Educational only. Crypto trades carry risk—always DYOR and manage responsibly.
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