$BCH Trade Signal — Long Liquidation Play
Market Insight:
A significant long liquidation at $584.65 suggests weak hands flushed out. This often creates a short-term downside continuation, followed by a relief bounce if demand steps in.
Trade Setup (Short Bias):
Entry Zone: $582 – $590
Targets:
• TP1: $570
• TP2: $555
• TP3: $535
Stop Loss: $602 (above liquidation sweep)
Pro Tips:
• Watch for rejection near $590 for confirmation
• Partial profits recommended at TP1
• Avoid over-leverage—BCH volatility expands fast after liquidations
BCH
580.2
-2.55%