Mark my words, friends, this is a textbook case of bullish exhaustion. After a strong push towards the 607 highs, the momentum has completely stalled. Look at the dying volume on each subsequent attempt to rally; this is a clear signal that buyers are running out of steam. We are seeing repeated rejections from the top, and the MACD is flashing a bearish crossover, indicating that weak momentum is now shifting in favor of the sellers. This is not a simple pullback; this is a distribution pattern in the making. Enter with discipline.
For clear execution:
Entry: 585
Target 1: 555
Target 2: 530
SL: 610
BCHUSDT
Perp
581.4
-1.96%
CUDISUSDT
Perp
0.02813
+0.96%
4USDT
Perp
0.02453
+0.20%