Bitcoin Cash
Short

BCHUSD H1: Bounce now / RESHORT IT later (BEARS)(SL/TP)(NEW)

432
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BCHUSD H1: Bounce now / RESHORT IT later (BEARS)(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.

🔸 Summary and potential trade setup
::: BCHUSD H1 chart review
::: weak chart market not ready for upside
::: rising wedge in downtrend
::: fresh liquidity near 214/216 USD
::: right now I recommend to wait for bounce
::: and RESHORT IT later near 220/222 USD
::: expecting more losses after the bounce
::: valid TP BEARS 206/208 USD
::: short-term weak outlook overall
::: good luck traders
🔸 Supply/Demand Zones
::: fresh supply zone 214/216 USD
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment short-term: BEARS
::: Sentiment outlook mid-term: BOUNCE/BULLS

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