$BCH USDT BEARISH REVERSAL UNDERWAY — BULLS LOSING CONTROL AT THE TOP
After hitting a local high at $507.3, $BCH USDT is showing signs of weakness with consistent red candles and declining volume. The price has broken below the short-term moving average, and MACD shows a bearish crossover with negative histogram momentum — confirming a short-term bearish reversal.
🔻Trade Setup – Short Position
Entry Zone: $497 – $500
Take Profit 1: $491
Take Profit 2: $485
Stop Loss: $503
📉Market Outlook:
Momentum has shifted bearish on the 15-min timeframe. With RSI trending near 34.9 and MACD in negative territory, further downside is expected unless strong volume re-enters. Caution for late long entries — wait for confirmation before reversal.
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buy and trade here on $BCH