$BCH ๐จ BCH/USDT 30m Analysis โ Bearish Continuation Setup ๐จ
๐ Price recovered to ~575-580 after sweeping the Weak Low, but rejected hard at previous highs ๐งฑ
Multiple BOS down intact + ChOCh bearish โ smart money distributing at resistance! ๐ป
EQL at lows held temporarily, but now acting as flip zone for shorts ๐ด
๐ฅ Strategy: Sell/Short Play ๐ฅ
Entry: Aggressive sell limit around 575-578 (current resistance zone) or wait for lower TF BOS down + bearish ChOCh ๐
Stop Loss: Above 580-585 (recent high/invalidation) to protect from squeeze โฌ๏ธ
Targets:
560-570 (mid-range support) ๐ฏ
Retest Weak Low ~550 ๐ฅ
Extension to 540 if volume confirms โฌ๏ธ
Risk: 1-2% per trade. If we get strong bullish ChOCh above 580 โ invalidate, flip long ๐
Bears in control โ expecting liquidity hunt below lows! โก
Who's shorting? Thoughts below ๐
