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MichaelWang66

[BCH] Daily Overbought

Short
Bitcoin Cash / TetherUS (BINANCE:BCHUSDT)  
MichaelWang66 Updated   
BINANCE:BCHUSDT   Bitcoin Cash / TetherUS
Support and Resistance bchusdt
6
0
supportandresistance bchusdt
Resistance 280 is confirmed (once).
Sitting on hourly support.

Entry: First position when break hourly support. Second position when break 4H 12EMA.
Stop loss: break above 280.
Target: daily 12EMA (around 240).
Comment:
Correct:
2nd short position entry: break 1H 12EMA.
Comment:
Took profit around 265.
BCH looks like in a healthy consolidation to me so far, will short again if break 4H 12EMA.
Trade closed manually:
Looks like another up trend is coming, close trade.
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