Post
Professor Mike Official
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BearishAlert 🚨
$BCH is clearly facing a strong rejection from this major resistance level, and the chart is showing weakness exactly as expected. The candles are failing to hold above the breakout zone, confirming that momentum is slowing down. A maximum retest toward the resistance can still occur, but overall the structure remains bearish and downside pressure is increasing.
From here, $BCH is highly likely to drop toward $472 once this rejection completes. Any minor pullback upward should be considered only a retest, not a reversal. If you are entering short trades, place your stop-loss safely above the resistance zone to manage risk properly, and target the $472 level as the next major downside support.
#BTCVolatility #IPOWave
$BCH is clearly facing a strong rejection from this major resistance level, and the chart is showing weakness exactly as expected. The candles are failing to hold above the breakout zone, confirming that momentum is slowing down. A maximum retest toward the resistance can still occur, but overall the structure remains bearish and downside pressure is increasing.
From here, $BCH is highly likely to drop toward $472 once this rejection completes. Any minor pullback upward should be considered only a retest, not a reversal. If you are entering short trades, place your stop-loss safely above the resistance zone to manage risk properly, and target the $472 level as the next major downside support.
#BTCVolatility #IPOWave
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