$BCH has rallied back into a strong overhead supply zone (590–600), but the move is clearly losing momentum. Buyers are failing to show real conviction, and price is already displaying signs of exhaustion near resistance.
This looks like a corrective bounce within a broader downtrend, not a trend reversal. As long as price remains below the supply zone, downside risk stays high.
📉 Short Setup Active
Entry (ET): 590 – 600
Stop Loss: 625
Targets:
🎯 TP1: 575
🎯 TP2: 550
🎯 TP3: 510
Rejection from this zone could trigger a sharp bearish continuation. Trade with proper risk management.
⚠️ Market is volatile — manage risk accordingly.