$BCH /USDT BEARISH SETUP AS MOMENTUM COOLS DOWN ๐โ ๏ธ
๐ Current Price: $487.4
๐ป 24h Change: -1.46%
๐ KEY LEVELS:
Resistance: $495.0 ๐ผ
Intermediate Resistance: $490.0
Support: $468.8 ๐ฝ (Critical Zone)
๐ฃ TRADE SETUP (SHORT):
Entry: $487 - $490
Targets:
๐ฏ TP1: $475
๐ฏ TP2: $468
๐ฏ TP3: $455
Stop Loss: $496 ๐ (Above resistance breakout)
๐ Market Structure:
BCH has formed a lower high below $495 and is struggling to break $490. Volume is weakening, signaling potential for a short-term correction toward the $468 zone.
โ ๏ธ RISK MANAGEMENT:
๐น Limit exposure to 1-2% per trade
๐น Wait for confirmation candle below $485
๐น Stick to SL to avoid volatile wicks ๐จ
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