BCH/USDT is still weak, SHORT TP share.
BCH/USDT 4hr chart Fibonacci retrace to (0.5), at the latest pump, it can’t break the descending trend-line, price is still suppress by EMA21(orangeEMA).
As those reason, in my opinion BCH/UST is still weak.
SHORT TP1 is the previous high price(498.23) and the green support zone
TP2 Fibonacci (1.414~1.5) 462.77~446.18
SL latest high point (639.08) or the price break out descending trend-line.
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“Mind the risk of the Crypto Currency, should avoid high leverage margin trade and have a risk management plan.
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As those reason, in my opinion BCH/UST is still weak.
SHORT TP1 is the previous high price(498.23) and the green support zone
TP2 Fibonacci (1.414~1.5) 462.77~446.18
SL latest high point (639.08) or the price break out descending trend-line.
{My ideas is Not Financial Advice,Press like if you like my ideas}
“Mind the risk of the Crypto Currency, should avoid high leverage margin trade and have a risk management plan.
Press like if you like my ideas”
Trade closed: stop reached:
break the trend line, reach the stop condition.