Here is your professional Binance Square style technical analysis post:
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$BCH USDT BEARISH REVERSAL – SHORT-TERM RECOVERY OR MORE DOWNSIDE AHEAD?
BCHUSDT has shown a sharp bearish move on the 15m timeframe, dropping to a low of $497.3 before a slight recovery to the current price of $507.3. The price remains below the mid-Bollinger Band ($504.1) with resistance at the upper band ($508.2). The recent bounce seems weak, indicating that sellers still have control unless a strong reclaim above $510 occurs.
🔻 TRADE SETUP (SHORT)
Entry: $507 – $509
Targets:
TP1: $503
TP2: $500
TP3: $497
Stop Loss: $512
📊 MARKET OUTLOOK
BCHUSDT remains in a bearish structure with selling pressure dominating after the recent breakdown. Unless bulls push above $510 with volume, the downside momentum remains the primary trend for upcoming sessions.
#BCH #BCHUSDT #CryptoAnalysis #Binance #TradingSetup
buy and trade here on $BCH
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