š» $BCH USDT SHORT TRADE SIGNAL ā WEAK BOUNCE IN A STRONG DOWNTREND
$BCH has been in a persistent downtrend, losing over 5% from the $500 level. After printing a new intraday low at $464, the current bounce toward $473 appears shallow and lacks conviction. This is likely a dead-cat bounce before further downside resumes.
š TRADE SETUP
Entry Zone: $472 ā $478
Take Profits:
⢠TP1: $463
⢠TP2: $455
⢠TP3: $448
Stop Loss: $482
š MARKET OUTLOOK
Momentum is clearly bearish, with a series of lower highs and sharp breakdowns. The recovery attempt lacks strength and volume, signaling potential exhaustion. Unless price reclaims $485 with volume, sellers remain in control.
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