BCHUSDT enjoyed some sort of bullish price action in the last few weeks, but it was not able to break out of the key resistance level on a higher timeframe. Reason for recent pump: Bitcoin Cash's latest upgrade supports the deployment of smart contracts on the Bitcoin Cash blockchain.
Bulls have been trapped, and I look forward to making profits from the bearish continuation.
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I will update this chart when we hit our take profit levels
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Trade closed: target reached
1st Take Profit Target is Achieved!Now, we move SL to Entry and wait for the 2nd and 3rd Target.
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Trade closed: target reached
3rd Profit Target Is Achieved!Follow me now for more profitable technical analysis and signals
I love this market:)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.