Signal Alert! 🚨

Coin: $BCH / USDT (Bitcoin Cash)

Direction: SHORT 📉

Current Price: 515.4 USDT (at the time of the screenshot)

Why we're looking Short:

BCH has pumped significantly and is now showing signs of rejection from a key resistance level around 520.0 USDT. The price is currently pulling back, and this looks like a good opportunity to catch a short move down to key Fibonacci support levels. Time to consider a short position! 🐻

Entry Zone:

We're looking to enter around the current price, specifically around 515.0 - 517.0 USDT. Order block rejection ,The price has already shown rejection from the highs, so this is our zone to ride the move down! 🎯

Targets (Take Profit Zones):

* TP 1 510.1 🎯 (0.618 Fib level)

* TP 2 506.3 🎯 (0.5 Fib level)

* TP 3 502.6 🎯 (0.382 Fib level)

* TP 4 497.9 🚀 (0.236 Fib level)

* TP 5 490.3 🌊 (Full retracement potential!)

Stop Loss (Protect your capital!):

* SL: 520.7 ⛔️ (Just above the recent high and resistance)

Timeframe: 15-minute chart (15m) ⏱️

Risk Management:

ALWAYS use proper risk management! This is NOT financial advice. Do your own research (DYOR) and trade responsibly. 🙏

What are your thoughts on BCH's pullback? Bearish or preparing for another pump? Let us know below! 👇

#BCH #BitcoinCash #Crypto #TradingSignal #BinanceSquare #DYOR #Short #ResistanceRejection