$BCH /USDT Bearish Continuation Setup 🔻
Heavy distribution after a sharp breakdown from the local top. Strong bearish impulse with consecutive large red candles, and price has lost the EMA (7/25/99) cluster, confirming a trend reversal. The weak bounce near 615 looks like a classic dead-cat reaction.
SHORT: 620 – 630
Targets 🎯: 605 | 590 | 565
Stop Loss 🛑: 642
Bearish momentum remains dominant below 630. Any weak pullback into EMA resistance favors further downside continuation 📉
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