📉 $BCH: The Extended Rally Hits a Supply Wall! alert 🚨
The bulls are losing steam as $BCH stalls right under the major supply band at 607–628. With momentum cooling and lower highs printing intraday, the distribution phase is here. A breakdown through 582 is the trigger to accelerate this bearish move!
🎯 The "Short" Trading Plan
Entry Zone: 592 – 598 📉
Stop-Loss: 628 (~5%) 🛑
Invalidation: Bulls reclaiming and holding above 628 with strong volume flips this back to bullish ⚡.
💰 Target Profits
TP1: 568 (Demand Zone) ✅
TP2: 538 ✅
TP3: 514 🚀
Technical Insight: The current price is hovering near 578.47, down -2.19%. The 2H chart confirms the rejection from recent highs, paving the way for a deeper correction. Don't catch the falling knife; ride the trend! 🌊
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