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$BCH (1h) - Resistance Rejection Short
Bias: Short
Entry (Zone): 208.00 - 212.001
Targets:
TP1: 204.00
2TP2: 200.00
TP3: 194.00
Stop Loss: 216.50
Why this Setup:
I see BCH losing momentum after a bounce into nearby resistance, and I want to fade the move if price fails to reclaim the 212 area. The structure still looks vulnerable to a pullback, so I’m targeting the recent support levels below.