$BCH BEARISH MOVE IN PLAY š» | SHORT SETUP LOADING!
š Current Price: $503.3
š Trend Bias: Bearish on 1H & 4H Timeframes
š Key Levels to Watch:
š Resistance Zones:
$515 ā Minor resistance
$528 ā Major resistance, previous rejection zone
š¢ Support Zones:
$499 ā Immediate support
$495 ā Key support, break below may trigger strong sell-off
š Trade Setup ā SHORT POSITION:
š„ Entry: Around $507ā$510 (after weak bounce)
šÆ Targets (TP):
TP1: $499
TP2: $495
TP3: $488 (extended target if momentum picks up)
š”ļø Stop Loss (SL): $516 (above resistance)
š Risk Management Tips:
ā Risk only 1ā2% of your capital
ā Use position sizing based on SL distance
ā Stick to the plan ā no chasing, no guessing!
šØ Watch for volume confirmation and candle rejection at resistance before entry!
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