$BCH /USDT – SHORT SETUP (1H)
Market Context:
BCH has failed to hold above the 600–605 resistance zone and is now trading back below key support. Price structure shows lower highs and lower lows, indicating bearish continuation after the rejection from the recent top.
📉 Short Entry
Entry Zone: 588 – 595
(Pullback into resistance / supply zone)
🎯 Targets
TP1: 580
TP2: 565
TP3: 545 – 530 (HTF support & liquidity zone)
🛑 Stop Loss
SL: 605
(Above rejection zone & bearish invalidation)
🔑 Key Levels
Immediate Resistance: 595 – 600
Major Resistance: 605
Support: 580 → 565
Major Support / Liquidity: 545+
📌 Trade Outlook
As long as BCH stays below 600, bearish pressure remains dominant. Any weak bounce into the 590–600 zone can be used as a sell opportunity. A clean breakdown below 580 should accelerate the move toward 565 and 545. Acceptance above 605 invalidates the short bias.
