$BCH showing clear bearish momentum, breaking below 550 support level. Trading beneath all moving averages at 540.8 with MAs converging as resistance. Lower highs pattern well established since early December. Declining volume suggests weakening buying pressure. Structure points to continued downside toward major support zones near 500.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
$BCH showing clear bearish momentum, breaking below 550 support level. Trading beneath all moving averages at 540.8 with MAs converging as resistance. Lower highs pattern well established since early December. Declining volume suggests weakening buying pressure. Structure points to continued downside toward major support zones near 500.
SHORT Setup:
TP1: 530
TP2: 515
TP3: 495
Stop Loss: 575