Whale metrics for the currency ($BCH ) indicate a period of intense accumulation near local support areas. While cash flows show a slight negative divergence of -1.30% today, Binance futures data shows a balance in buying and selling ratios, suggesting that whales are waiting for a catalyst for volatility. On the 4-hour timeframe, the price is currently confined between $591.98 and $592.41, with difficulty stabilizing above EMA(7). A "liquidity hunt" targeting trapped buy positions below the $576 bottom is likely. If the price fails to reclaim $600 with strong trading volume, expect a rapid drop to fulfill orders at the demand area of $577.

BCH
BCHUSDT
582.51
-1.68%

Trade Details:

Direction: Sell (Short) 🔴

Entry: $593.50 – $598.00 (at resistance exhaustion bounce)

Take Profit: $577.20 (first target at daily bottom liquidity)

Stop Loss: $608.50 (above the peak of the last double bottom pattern)

Leverage: Medium (10x - 20x)

Risk Warning: High risk. The currency is currently in a neutral range leaning bearish. Any sudden breakout above $607 nullifies this trade and may lead to a "sell-off era".