$BCH #BCHUSDT – Short Setup
1️⃣ Market Structure
Current Price: 559.2
Price rejected from 573.5 high and is now trading under Supertrend resistance (569). Momentum is slowing after recent pump.
2️⃣ Indicator Analysis
Supertrend: Bearish resistance
MACD: Losing bullish momentum
RSI (48): Neutral but weakening
Volume: Spike followed by selling pressure
Bias: Pullback likely before next move.
3️⃣ Key Levels
Resistance:
569
573.5 (strong supply zone)
Support:
554
550 (major support)
✅ Short Trade Plan
Entry Zone:
564–569 rejection
OR breakdown below 554
Stop Loss:
574 (above previous high)
Take Profit Targets:
TP1: 554
TP2: 550
TP3: 542
Risk–Reward ≈ 1:2 to 1:3
⚠️ Risk Management
• Risk only 1–2% per trade
• Wait for 15m candle confirmation
• Avoid over-leverage
• Trail stop after TP1
If you want, I can now prepare:
• High probability confirmed setup only
• Leverage suggestion (5x/10x safe plan)
• Multi-timeframe confirmation analysis
• Spot vs Futures strategy
#BitcoinCash #FuturesNext #MarketAnalysis #Binance $BCH