BCHUSDT.P Short Setup: Potential Correction After Recent Rallyi've identified a short opportunity for BCHUSDT.P based on technical analysis and current market sentiment. Bitcoin Cash has seen a significant rise recently, and I believe the market may be primed for a short-term correction.
Key points:
Overbought
Strong resistance and there is a bearish quasimodo
Decreasing trading volume during the latest rally
Stop loss is set at , with a profit target at . As always, risk management is key - never invest more than you can afford to lose.
What are your thoughts on this setup? Let's discuss!