Bitcoin Cash (BCH): Seeing Good Shorting Opportunity

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Bitcoin Cash has a good chance to start falling since we recently got rejected from the resistance zone while also filling the bullish CME gap.

If we see the next 4-hour candle or the candle after that to be with a strong red body, then we will have more confirmation of sellers' dominance, which then would mean a movement to the 200 EMA line (near the support zone).

From there we might break the zone and if we break the next target would be near $316, but this will be taken as an option only if we see a clean breakdown!

Swallow Academy

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Đóng lệnh: dừng lỗ

We had a good start where sellers kept dominating but at one point big green candles messed up our trade and we got a minor loss here.