🔥 $BCH /USDT BEARISH CONTINUATION SETUP 🔥
📉 Market Outlook:
Bitcoin Cash is showing bearish momentum after rejection from higher levels. Price is trading below key resistance, indicating sellers are still in control and downside pressure may continue in the near term.
💰 Current Price: 578.2 USDT
🔑 KEY LEVELS
🟢 Support Levels:
571 – 562 USDT (Immediate demand zone)
537 USDT (Strong support)
518 USDT (Major downside support)
🔴 Resistance Levels:
598 – 600 USDT (Key rejection zone)
612 – 631 USDT (Strong supply area)
637 USDT (Major resistance)
📊 TRADE SETUP (SHORT 📉)
🔻 Entry: 585 – 595 USDT
🎯 Targets:
TP1: 562 USDT
TP2: 537 USDT
TP3: 518 USDT
🛑 Stop Loss: 612 USDT (Above resistance)
⚠️ RISK MANAGEMENT
✅ Use proper position sizing
✅ Risk only 1–2% per trade
✅ Trail SL after TP1 for safety
📌 Conclusion: Trend favors bears unless price reclaims and holds above 600+ USDT. Trade smart & stay disciplined 💼📉
