$BCH /USDT — Short Trade Setup
Current Price: $502.63
24h High / Low: $512.8 / $489.6
Trade Setup:
• Entry Zone: $503 – $506
• Targets: $497 | $491 | $486
• Stop Loss: $510
Analysis:
$BCH has shown signs of exhaustion after repeatedly testing the $512 resistance zone. The latest hourly candle turned bearish with strong rejection from the top, indicating short-term selling pressure. Momentum indicators suggest a potential pullback toward the $490 area if sellers remain in control.
Bias: Bearish — momentum is fading after resistance rejection. Suitable for short scalps with small targets and a tight stop to manage volatility.
BCHUSDT
Perp
539.59
+2.02%