🔴 $BCH Long Liquidation: $39.19K at $559.86
Warning Shot for Bulls — Momentum Fading
📉 Trend: Bearish
A major $39K long got liquidated as price fell to $559.86.
This shows aggressive long exposure — now punished by downward pressure.
📊 Market Sentiment:
• Bulls caught off guard
• Momentum shift toward sellers
• Uncertainty rising
• Volume increasing on red candles
🧭 Next Move:
Sell or Hold with Caution
If you’re still in, consider de-risking.
Only re-enter if price reclaims key levels with strong support.
🎯 Bearish Targets:
• Target 1: $548
• Target 2: $525
• Target 3: $498
🛑 Stop Loss (for shorts): $575
🔼 Resistance: $570
🔻 Support: $550
🚨 Summary:
$BCH is showing clear signs of weakness.
Big long liquidations = lack of buyer control.
Watch for break below $550 — it could accelerate losses.
Sit tight or short rallies cautiously.
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