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$BCH This wave is prepared to go short.
Currently, the price has failed to reclaim the moving averages, and the bears are clearly in an advantageous position. Next, it may continue to move down for another round. Entry points to watch are in the range of 222.4 to 225.07. For downside targets, first look at 213.59, then 205.47. The defense level is at 231.82.
Everyone, pay attention to risk: if the price reclaims the dense moving-average zone, the short logic will fail. Also, don’t go all-in—manage your position size based on your own funds. In addition, $SOXL , you can also take note: the bears have already woken up.