BCHUSD D1: BEST Level to SHORT IT 40% gains(SL/TP)(NEW)

Mar 12, 2021

BCHUSD D1: BEST Level to SHORT IT 40% gains(SL/TP)(NEW)
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
::: 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

RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.