$BCH – Selling the rally remains the strategy after rejection at 541 and a breakdown below 520 support. The price is forming lower highs and trading under all major EMAs on the 30m chart, with EMA 7 below 25 and 99, indicating strong bearish momentum. Buying interest near 480 is weak, supporting a continued downside.

SHORT Setup:

Entry: 482 – 498

Stop Loss: 512

Take Profits: TP1: 465 | TP2: 445 | TP3: 420

The bearish bias stays valid as long as price remains under 512. A strong close above 512 would invalidate this view. Let pullbacks come and manage risk carefully.

$BCH is favoring sellers in the short term.

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