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$BCH is showing signs of exhaustion. We are seeing repeated rejections under dynamic resistance, suggesting that the distribution phase is still very much active.
The price continues to push into the same resistance band but fails to hold or consolidate above it. While buyers are attempting to defend the current range, sellers are consistently absorbing every bounce. This isn't a sign of "accumulation"—it’s clear distribution.
Trade Setup:
Direction: SHORT #BCH
Entry Zone: 522 – 530
Stop Loss (SL): 565
Target 1 (TP1): 488
Target 2 (TP2): 465
Target 3 (TP3): 435
Keep an eye on the volume; if we see a breakdown of the immediate support, the move toward TP1 could be rapid. Manage your risk accordingly.
#cryptotrading #TechnicalAnalysis #BinanceSquare #BitcoinCash
The price continues to push into the same resistance band but fails to hold or consolidate above it. While buyers are attempting to defend the current range, sellers are consistently absorbing every bounce. This isn't a sign of "accumulation"—it’s clear distribution.
Trade Setup:
Direction: SHORT #BCH
Entry Zone: 522 – 530
Stop Loss (SL): 565
Target 1 (TP1): 488
Target 2 (TP2): 465
Target 3 (TP3): 435
Keep an eye on the volume; if we see a breakdown of the immediate support, the move toward TP1 could be rapid. Manage your risk accordingly.
#cryptotrading #TechnicalAnalysis #BinanceSquare #BitcoinCash
Title: $BCH Bearish Outlook – Distribution in Progress 📉
$BCH is showing signs of exhaustion. We are seeing repeated rejections under dynamic resistance, suggesting that the distribution phase is still very much active.
The price continues to push into the same resistance band but fails to hold or consolidate above it. While buyers are attempting to defend the current range, sellers are consistently absorbing every bounce. This isn't a sign of "accumulation"—it’s clear distribution.
Trade Setup:
Direction: SHORT $BCH
Entry Zone: 522 – 530
Stop Loss (SL): 565
Target 1 (TP1): 488
Target 2 (TP2): 465
Target 3 (TP3): 435
Keep an eye on the volume; if we see a breakdown of the immediate support, the move toward TP1 could be rapid. Manage your risk accordingly.
The price continues to push into the same resistance band but fails to hold or consolidate above it. While buyers are attempting to defend the current range, sellers are consistently absorbing every bounce. This isn't a sign of "accumulation"—it’s clear distribution.
Trade Setup:
Direction: SHORT $BCH
Entry Zone: 522 – 530
Stop Loss (SL): 565
Target 1 (TP1): 488
Target 2 (TP2): 465
Target 3 (TP3): 435
Keep an eye on the volume; if we see a breakdown of the immediate support, the move toward TP1 could be rapid. Manage your risk accordingly.
: TOM LEE’S BITMINE DOUBLES DOWN! > $ETH
BREAKING: TOM LEE’S BITMINE DOUBLES DOWN! >
While retail is fearful, Bitmine just swallowed another ~42,000 $ETH ($96M+) in a single week! 🐋
Tom Lee remains ultra-bullish, calling current levels a "generational opportunity" despite the $6B unrealized loss. With on-chain transactions hitting record highs, the fund is betting big on a massive recovery. 🚀
🤫 The noise is for the crowd. The accumulation is for the whales.
#ETH #CryptoNews #Bullish #SmartMoney #EthereumUpdate
While retail is fearful, Bitmine just swallowed another ~42,000 $ETH ($96M+) in a single week! 🐋
Tom Lee remains ultra-bullish, calling current levels a "generational opportunity" despite the $6B unrealized loss. With on-chain transactions hitting record highs, the fund is betting big on a massive recovery. 🚀
🤫 The noise is for the crowd. The accumulation is for the whales.
#ETH #CryptoNews #Bullish #SmartMoney #EthereumUpdate
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