$BCH trade setup: Breakout from Channel Down pattern was followed by a 30% rise to $400 resistance and 200-day Moving Average (200 SMA), where it got rejected.

That's a stiff resistance. If the price rebounds back to that $400 level, we would consider Short Selling it there again, with target of $350 (PT1) or $308 (PT2).

Stop Loss at $460. Price remains in a Downtrend. (set a price alert). Watch a trading video where we demonstrate Short Selling BCH.