$BCH #BCH 📉
Direction: SHORT
Entry zone: 274.56 to 275.66
Stop loss: 279.24
Target 1: 269.61
Target 2: 265.48
Bitcoin Cash is trading near 275.11 dollars, down 1.18 percent in 24 hours, inside a range of 273.11 to 278.92, and the recent closes show a bounce that faded, 275.68, then 274.65, then 273.92, then 275.11. 🔴 My reading is that BCH is the soft coin in this batch, because it slipped while Bitcoin, Ethereum and Solana all finished green, and it is still stuck below the top of its range. A short from the current zone, with a stop above 279.24, targets 269.61 first and then 265.48 if weakness continues. A rise above 279.24 kills the idea without debate.
Futures trading is risky. Trade small, use a stop loss, and do your own research. This is my reading, not a guaranteed signal.
Does Bitcoin Cash fall to 269.61 first, or rise above 279.24? 🤔
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#BCH #Crypto #FuturesTrading #TradingSignals