Yousuf Jahangir
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$BCH at $623 is strong, but short-term euphoria is starting to stretch the move.
👉 Trade idea: SHORT BCH
• Entry: $625–$635
• Targets: $605 → $593
• Stop loss: $655
Technical reasoning:
BCH is trading well above SMA7 and SMA30, confirming short-term strength, but RSI7 near 75 signals overbought conditions.
Price is still below SMA200 (~$628), showing higher-timeframe resistance overhead.
With MACD extended and social sentiment leaning bullish, upside may be crowded a pullback toward the $605–$593 support zone is likely if momentum cools or volume fades near resistance
#MarketRebound #CryptoTrends2024 #cryptotarding
👉 Trade idea: SHORT BCH
• Entry: $625–$635
• Targets: $605 → $593
• Stop loss: $655
Technical reasoning:
BCH is trading well above SMA7 and SMA30, confirming short-term strength, but RSI7 near 75 signals overbought conditions.
Price is still below SMA200 (~$628), showing higher-timeframe resistance overhead.
With MACD extended and social sentiment leaning bullish, upside may be crowded a pullback toward the $605–$593 support zone is likely if momentum cools or volume fades near resistance
#MarketRebound #CryptoTrends2024 #cryptotarding
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