$BCH /USDT – Bearish Pressure Mounting Below Key Resistance 🧨

$BCH recently tapped into major resistance near $590 and is now showing signs of exhaustion on the lower timeframes.

With multiple rejections and declining volume, the setup is primed for a short-term pullback — offering a clean opportunity for scalpers.

Key Levels

• Resistance: $590.00

• Support: $568.00

Trade Setup

• Entry Zone: $582.00 – $586.50

• Stop Loss: $591.50

🎯 TP1: $574.00

🎯 TP2: $568.50

🎯 TP3: $561.00

Pro Tips:

✅ Watch for rejection wicks or bearish engulfing candles below $586.

✅ Consider partial profit at TP1 and adjust SL to breakeven.

✅ Avoid the trade if BTC pumps — it could invalidate short momentum.

✅ Use 5–15M confirmation candles before jumping in.

✅ Volume divergence or RSI bearish divergence strengthens this setup.

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