$BCH is grinding into a heavy supply zone after a recent squeeze and the upside looks exhausted—sellers are stepping back in, so open your short trades for a target of $460

​💰 Entry: 545 — 555

🎯 TP1 : 520

🎯 TP2 : 495

🎯 TP3 : 460

🛑 SL : 590

​I have analyzed the current market structure and $BCH is showing signs of "Momentum Exhaustion" after pushing into a prior distribution area. I am 100% confirmed on this short because while the price saw a temporary squeeze, 12 out of 13 moving averages on the daily chart are still flashing a "Strong Sell" signal and the 200-day SMA has been falling since mid-February. On-chain data indicates that the recent rally lacked significant volume follow-through, suggesting that the move was driven by liquidations rather than organic demand. If the rejection at the $574 Fibonacci level holds, a rapid rotation back toward the $460-$480 demand pockets is mathematically probable.

BCH
BCHUSDT
546.78
-1.66%