$BCH USDT – SHORT TRADE SIGNAL🔴
REJECTION FROM $530 RESISTANCE ⚠️
BEARISH DIVERGENCE FORMING NEAR TOP 📉
BCH rallied into $530.00 but faced strong resistance, now pulling back to $515.90. This area aligns with prior rejection zones, signaling potential exhaustion. Key support lies at $505.70, and a breakdown below this could lead to deeper retracement toward $490.00.
📊 Current Price Action:
BCH is trading lower after tapping the 24h high, showing signs of weakening momentum. If it fails to reclaim $523.20 quickly, sellers may take control.
🎯 TRADE SETUP:
• Entry Point: $516 – $523
• Stop Loss: $532
• Take Profit:
1️⃣ TP1: $505
2️⃣ TP2: $490
3️⃣ TP3: $474
• Margin: 2–3% of wallet
• Leverage: 10x
📉 Market Outlook:
BCH may be forming a local top after an aggressive run-up. A break below $505 would confirm bearish reversal and open downside targets.