$BCH đš BCH/USDT 30m Analysis â Bearish Continuation Setup đš
đ Price recovered to ~575-580 after sweeping the Weak Low, but rejected hard at previous highs đ§±
Multiple BOS down intact + ChOCh bearish â smart money distributing at resistance! đ»
EQL at lows held temporarily, but now acting as flip zone for shorts đŽ
đ„ Strategy: Sell/Short Play đ„
Entry: Aggressive sell limit around 575-578 (current resistance zone) or wait for lower TF BOS down + bearish ChOCh đ
Stop Loss: Above 580-585 (recent high/invalidation) to protect from squeeze âŹïž
Targets:
560-570 (mid-range support) đŻ
Retest Weak Low ~550 đ„
Extension to 540 if volume confirms âŹïž
Risk: 1-2% per trade. If we get strong bullish ChOCh above 580 â invalidate, flip long đ
Bears in control â expecting liquidity hunt below lows! âĄ
Who's shorting? Thoughts below đ