🔻 $BCH
USDT BEARISH BREAKDOWN – WILL BCH HOLD THE $500 SUPPORT? 🔻
$BCHUSDT continues to bleed on the 15m chart with a sharp downward move and consolidation near the psychological support zone, indicating bearish dominance with potential for further decline if $500 fails to hold.
🔑 Key Levels:
Current Price: 501.3
Support: 497.0
Resistance: 508.0
🎯 Trade Setup (Short):
Entry: 501.0 – 503.0 (after minor pullback rejection)
Take Profits:
✅ TP1: 498.0
✅ TP2: 495.0
✅ TP3: 490.0 (extended target if breakdown accelerates)
Stop Loss: 507.0
📊 Market Outlook:
BCH is in a clear downtrend, currently testing its key psychological support near $500. A confirmed breakdown below this zone can trigger another sell-off towards $490-$495 levels. Buyers will need to reclaim above $508 to slow down the bearish momentum.
⚠️ Risk Management:
Always risk only 1-2% per trade. Place your stop loss decisively and avoid emotional entries during high volatility zones.
💬 Will BCH break below $500 today or bounce back up? Comment 💭 your analysis if you’re trading this setup!
buy and trade here on $BCH