$BCH /USDT ā Bearish Setup After Failed Breakout šÆ š„ Take Entry
Current Price: $570.8
Timeframe: 30-Minute Chart
Trade Type: Short
Market Structure:
BCH recently failed to hold above the $576 resistance zone. Price action is showing consistent lower highs, indicating sellers are gaining control.
Entry Zone:
Sell between $571 ā $573 after a small pullback.
Stop Loss:
$577
Target Points:
ā¢ TP1: $565
ā¢ TP2: $558
ā¢ TP3: $552
Trade Insight:
The 30-minute chart reflects a weakening bullish structure, with failed attempts to sustain upward momentum. This setup is ideal for short sellers anticipating a move back toward the lower demand zones. Wait for a minor bounce and confirmation before entering the trade.