FOLLOW ME FOR MORE !!
COIN: #bchusdt
SIGNAL IS : SHORT !!
As everyone is aware, Bitcoin is a bear market. This implies that BCHUSDT and all other ALTS coins will experience a decline. The chart shows that a strong bearish volume candle helped the price recover from the resistance. We are becoming bearish as it is breaking down the EMA RIBBON support. The upper line of the Bollinger bands has a noticeable downward curvature. As you can see from the chart, the RSI has also broken the support and the MACD has already started short. Thus, that served as confirmation that this coin was a short sale.
We can observe from the liquidation heatmap that the price has already begun to decline. All of the liquidity below will be seized. Thus, going short was confirmed once more.
SIGNAL -
ENTRY - 521.9
TP - 509.7