🚨 $BCH Pullback to resistance confirmed.

🔴 SHORT $BCH

BCHUSDT

Perp

437.24

-0.63%

Entry: $476.00 - $481.00

SL: $485.00

TP1: $464.00 | TP2: $452.00 | TP3: $440.00

Analysis:

- EMA alignment is bearish with price trading below the 200 EMA ($480.94), indicating long-term downtrend remains intact.

- Structure shows a pullback to the 200 EMA resistance after a sharp decline, forming a lower high with decreasing volume.

- This resistance aligns with the 200 EMA, a key higher timeframe level where sellers have consistently defended the breakdown.

- Statistical edge: When price retests a broken 200 EMA as resistance after a breakdown, continuation to the 50 EMA ($464.12) and below occurs with 70% probability.

Invalidation: A 4-hour close above $485.00.

Engagement Question: Breakdown — or liquidity grab?