$BCH at $623 is strong, but short-term euphoria is starting to stretch the move.

👉 Trade idea: SHORT BCH

• Entry: $625–$635

• Targets: $605 → $593

• Stop loss: $655

Technical reasoning:

BCH is trading well above SMA7 and SMA30, confirming short-term strength, but RSI7 near 75 signals overbought conditions.

Price is still below SMA200 (~$628), showing higher-timeframe resistance overhead.

With MACD extended and social sentiment leaning bullish, upside may be crowded a pullback toward the $605–$593 support zone is likely if momentum cools or volume fades near resistance

#MarketRebound #CryptoTrends2024 #cryptotarding

BCH
BCHUSDT
598.95
-2.03%