$BCH is stalling out near heavy local resistance, signaling a sharp imminent distribution phase.
$BCH — SHORT
Trade Plan:
Entry: 213.950 – 215.510
SL: 218.920
TP1: 211.590
TP2: 204.830
TP3: 200.820
Why this setup?
Local Structure Break: Price is breaking beneath the 1H MA(7) line at 215.510 after failing to breach the 218.920 local high.
Volume Slowdown: The upward momentum is exhausting despite 102.73M USDT in 24-hour volume, indicating sudden limit seller absorption.
Mean Reversion: A successful rejection from this overhead supply cluster targets the institutional MA(25) and MA(99) liquidity pools.
Debate:
Are you shorting this local breakdown or waiting for a deeper retest at 215.510?
Click here to Trade 👇
$BCH — SHORT
Trade Plan:
Entry: 213.950 – 215.510
SL: 218.920
TP1: 211.590
TP2: 204.830
TP3: 200.820
Why this setup?
Local Structure Break: Price is breaking beneath the 1H MA(7) line at 215.510 after failing to breach the 218.920 local high.
Volume Slowdown: The upward momentum is exhausting despite 102.73M USDT in 24-hour volume, indicating sudden limit seller absorption.
Mean Reversion: A successful rejection from this overhead supply cluster targets the institutional MA(25) and MA(99) liquidity pools.
Debate:
Are you shorting this local breakdown or waiting for a deeper retest at 215.510?
Click here to Trade 👇