BCHUSD 16hour: SHORT sell any RIPS 20-30% selloff(NEW)

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BCHUSD 16hour: SHORT sell any RIPS 20-30% selloff(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.

🔸 Summary and potential trade setup
::: BCHUSD 16hour chart review
::: distribution in range / BEAR setup
::: we just hit solid resistance at 265 USD
::: expecting bears to take over
::: at least short-term
::: 20%-30% correction off the highs
::: STRATEGY: short sell any rallies
::: two targets below
::: TP1 bears: 205 fresh demand
::: TP2 bears: 190 fresh demand
::: possible setup / still SPECULATIVE
::: good luck traders
🔸 Supply/Demand Zones
::: fresh demand 205
::: fresh demand 190
🔸 Other noteworthy technicals/fundies
::: TD9/Combo update: N/A
::: Sentiment: BEARS
::: Sentiment outlook short-term: BEARISH