๐ฅ Donโt overlook this โ $BCH is pressing into a heavy supply wall โ ๏ธ
Trading Plan (Short):$BCH
Entry: $588 โ $602
SL: $618
TP1: $562
TP2: $545
TP3: $538
Technical Analysis
$BCH is showing strong recent upside, but price is now colliding with a major 4H resistance zone near $598 where momentum historically stalls. Volume is tapering off on the approach, and RSI is hovering near overbought โ classic signs of buyer fatigue. A rejection candle in the entry range would confirm downside potential. Invalidation: a breakout above $618 with strong volume negates the short bias and opens room toward $640+.
Watch closely โ if bears defend this level, a pullback into the mid-$500s can happen fast. ๐จ
Trading Plan (Short):$BCH
Entry: $588 โ $602
SL: $618
TP1: $562
TP2: $545
TP3: $538
Technical Analysis
$BCH is showing strong recent upside, but price is now colliding with a major 4H resistance zone near $598 where momentum historically stalls. Volume is tapering off on the approach, and RSI is hovering near overbought โ classic signs of buyer fatigue. A rejection candle in the entry range would confirm downside potential. Invalidation: a breakout above $618 with strong volume negates the short bias and opens room toward $640+.
Watch closely โ if bears defend this level, a pullback into the mid-$500s can happen fast. ๐จ