🔻 $BCH USDT Short Sell Signal - Weak Bounce in a Strong Downtrend

The price of $BCH is experiencing a continuous downtrend, having lost more than 5% from the $500 level. After hitting a new daily low at $464, its current bounce towards $473 appears shallow and lacks conviction. This is likely a temporary bounce before the decline resumes.

📉 Trading Setup

Entry Zone: $472 - $478

Take Profit:

• Profit Target 1: $463

• Profit Target 2: $455

• Profit Target 3: $448

Stop Loss: $482

📊 Market Outlook

The momentum clearly appears to be bearish, with a series of lower highs and sharp declines. The recovery attempt lacks strength and volume, indicating potential exhaustion. Unless the price recovers $485 with trading volume, sellers will remain in control.$BCH