$BCH Current price 582, short position has been entered.

The logic is very simple: both the high and low points are moving down. The price has found support near the previous low of $558 and has not broken through the $600 barrier, still in a weak rebound.

After rebounding from $562 to $583, the price did not continue the V-shaped reversal but entered a sideways consolidation. The moving averages are starting to converge, and a direction choice is imminent, with a higher probability of moving downwards.

The position has been entered, so let's leave it to the probabilities.

🛑 Stop loss: 591 🎯 Target: 566 - 525

Let the bullet fly for a while. #BCH

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BCH

590

+1.75%

BNB

882.01

+0.91%

XRP

1.8868

-1.59%

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