BCH bulls are pumping hard right now, but this 4H chart is screaming TRAP! 🚨 Don't get caught in the euphoria – smart money is eyeing a sharp pullback before any real continuation.
SHORT
$BCH /USDT NOW! Counter-Trend Setup + Forecast Inside – High Reward Potential! 🔥
Daily trend remains bullish, but the 4H timeframe paints a different story: price has slammed into a key resistance/entry zone around ~595.57, showing classic exhaustion signals. RSI on lower timeframes (15m) is hovering near overbought levels at 60+, flashing short-term fatigue at the top of the range. This is a high-probability counter-trend short with 55%+ confidence – perfect for quick scalps or swing rejection plays!
Trade Plan (SHORT):
Entry Zone: 594.93 – 596.21
TP1: 591.73 (quick -0.6% scalp)
TP2: 590.44
TP3: 587.89 (main target for bigger move)
SL: 599.41 (tight protection above the zone)
Risk level: 8/10 – aggressive but calculated. Only enter if price respects the zone and shows rejection. This could be a fast squeeze play to the downside before bulls reload!
Is this a clever fade of the hype or a fast track to getting liquidated? Drop your take below! 👇 Trade responsibly, use proper sizing, and never risk more than you can afford.
Follow & turn on 🔔 for more high-conviction setups like this! Let's catch these moves together 💰
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