$BCH /USDT TRADE SETUP – SHORT POSITION

Current Price: $575.7

Market Structure: BCH was strongly rejected near $597 and is now forming lower highs. The trend is turning bearish with increasing downward momentum on the hourly chart.

Entry Zone: $574 – $578

Stop Loss: Above $585

Target Points:

• TP1: $562

• TP2: $555

• TP3: $548

Trade Insight:

After failing to sustain the breakout above $590, BCH is showing clear signs of weakness. The price is sliding down with strong red candles, indicating sellers are in control. A short entry near current levels offers a good risk-reward setup if the decline continues.

Risk Level: Moderate

Bias: Bearish

Note: Look for confirmation through rejection candles or volume spikes before entering the trade.

Trade here on $BCH