$BCH - Continuation of the decline 🚨
$BCH is doing exactly what the chart indicated earlier - rejection from resistance and a shift in momentum to the downside. When the price fails to hold key levels, continuation becomes the most likely path. $BCH remains at risk, and as long as the price stays below resistance, the bearish bias remains intact.
_Trading Setup_:
- _Pair_: $BCH
- _Position_: Sell
- _Entry Point_: 566 – 569 dollars 📍
- _Profit Targets_:
- _Target 1_: 558 dollars 🚨
- _Target 2_: 552 dollars 📉
- _Target 3_: 549 dollars 💥
- _Stop Loss_: 573 dollars ⚠️
_Technical Analysis_:
- _Bearish Continuation_: Failure to hold key levels increases the likelihood of a bearish continuation 🔄.
- _Bearish Momentum_: Staying below resistance confirms the bearish bias 🚨.
The currency shows the potential for a decline with the possibility of a downward movement 🚨.
