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BCHUSD H16: Best level to SHORT 25% gains (SL/TP)(NEW)

Long
COINBASE:BCHUSD   Bitcoin Cash
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BCHUSD H16: Best level to SHORT 25% gains (SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as LONG because I expect short-term gains
before reversal from overhead resistance.

🔸 Summary and potential trade setup
::: BCHUSD 16hour chart overview and outlook
::: strong breakout of accumulation range
::: accumulated for 5 months since March
::: overhead resistance at 320/325 USD
::: BEST level to SHORT IT for 25% gains
::: however is risky / so use a tight stop loss
::: recommended strategy: SHORT it 320 SL 335
::: TP BEARS is 25% gains / 250 USD
::: expecting throwback inside accumulation
::: range before bull run can resume
::: re-test of 250 is high probability setup
::: good luck traders
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9/Combo update: N/A
::: Sentiment mid-term: BEARS/PULLBACK
::: Sentiment outlook short-term: BULLS

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