Token Name: $BCH /USDT – Big Crash Ahead?
Current price is showing strong bearish activity with a −1.8% move in the last 24 hours. After a sharp breakdown from the 615–620 resistance zone, price experienced a high-momentum selloff, briefly tapping 593 support before a weak bounce. This reaction looks corrective rather than a true reversal.
On the 1H timeframe, consecutive strong bearish candles, followed by lower highs, confirm that sellers remain in control. The structure now favors continuation unless price reclaims key resistance levels quickly.
Trade Setup (Bearish Bias)
Entry Zone:
602 – 608
Target 1:
590
Target 2:
575
Target 3:
555
Stop Loss:
622
Technical View
Major rejection and breakdown from 615–620
High-volume bearish impulse indicates distribution
Weak recovery attempts signal lack of buyer strength
Structure remains bearish below 610
If price fails to reclaim 610 with strong volume, downside continuation toward lower demand zones becomes increasingly likely. Only a clean reclaim and hold above 622 would invalidate the bearish setup and shift momentum back to neutral or bullish.
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