BCHUSD D1: BEST Level to SHORT IT 40% gains(SL/TP)(UPDATED) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage. HIGH RISK setup. proceed ahead with caution. DO NOT USE HIGH LEVERAGE.
🔸 Summary and potential trade setup ::: BCHUSD D1 chart review/outlook ::: setup still valid as of right now ::: MAX 40% correction incoming soon ::: massive rejection near range highs ::: rejected on weekly/daily TF ::: right now CORRECTION MODE ::: so limited upside in BCHUSD ::: expecting pullback/correction mode ::: price contained within bullish channel ::: BUT this is not a bullish setup ::: 30-40% correction possible from here ::: it's possible that price will re-test ::: near range lows (40% correction) ::: however base scenario is 30% correction ::: no valid setup for bulls here ::: TP BEARS is 330 USD ::: recommended strategy: SHORT IT / SHORT rips/rallies ::: ENTRY at market or below dashed line ::: SWING TRADE: SHORT HIGH TP 40% gains ::: correction not over yet ::: good luck traders! ::: SHORT and get paid. period. 🔸 Supply/Demand Zones ::: N/A ::: N/A 🔸 Other noteworthy technicals/fundies ::: TD9 /Combo update: N/A ::: Sentiment mid-term: BEARS/330 USD ::: Sentiment outlook short-term: MAXED OUT/REVERSAL
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