🔻 $BCH — SHORT SETUP | REJECTION & COMPRESSION 🚨
📍 Entry: 517.21 – 525.56
🛑 SL: 535.00
🎯 TP1: 485.40
🎯 TP2: 460.15
🤷Technical View:
$BCH stalled after a heavy rejection, holding near the local shelf as supply thins. Bears are leaning into the failed push, absorbing minor bids trying to reclaim the mid-range. Momentum is heavy, with flattened candle bodies and trapped stops below the floor, signaling potential acceleration lower once compression breaks.
❌ Invalidation: A firm close back inside the upper supply zone kills the setup.
👇 Trade $BCH here — watch for volume confirmation and manage risk carefully.