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$BCH $BCHUSDT (1h) - Resistance Rejection Short
Bias: Short
Entry (Zone): 195.00 - 197.50
Targets:
TP1: 191.50
TP2: 188.50
TP3: 184.50
Stop Loss: 201.50
Why this Setup:
I’m looking for a short if price keeps failing to reclaim the 195-198 area after the sharp rejection and breakdown from the recent swing high. The structure favors a pullback continuation while momentum stays weak below the broken support zone.