$BCH – BEARISH PRESSURE BUILDING AS PRICE LOSES MOMENTUM💎
The chart shows a clear rejection from the upper zone, followed by a sharp drop back into the mid-range, signaling that sellers are regaining control. $BCH failed to sustain its upward push and is now forming lower highs with increasing red candles, indicating exhaustion from buyers. As long as the price stays below the recent rejection area, downside continuation remains the more likely move.
Trade Setup (Short)
Entry Range: 572.0 – 574.5
Target 1: 568.0
Target 2: 565.5
Target 3: 562.8
Stop Loss (SL): 578.3
Market Outlook:
Momentum favors sellers; any bounce toward resistance is likely to face renewed selling unless buyers reclaim strong levels.
