BCHUSD H16: BEST level to SHORT IT 20%+ gains(SL/TP)(NEW)

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BCHUSD H16: BEST level to SHORT IT 20%+ gains(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as SHORT because I expect more short-term
and mid-term losses. SHORT IT!

🔸 Summary and potential trade setup
::: LTCUSD 16hour/candle chart review/outlook
::: tagged SHORT because it's BEARISH short-term
::: mid-term also BEAR MODE
::: ongoing distribution / stuck in range
::: breakdown pending shortly
::: 210/212 key S/R was tested too many times
::: S/R is WEAK NOW and is going to break soon
::: spells more trouble mid-term
::: BEARS will target re-test of S/R at 175 USD
::: shorting rips / shorting at market
::: makes sense right now
::: we are setting up for another correction
::: final TP bears is near 175 USD
::: recommended strategy: SHORT IT market/rips
::: TP BEARS is 175 USD 20%+ correction
::: SWING trade setup / no fast gains here
::: SHORT/HOLD / do not expect miracle gains
::: SL is 4% max
::: good luck traders!
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9/Combo update: N/A
::: Sentiment mid-term: BEARS/CORRECTION
::: Sentiment outlook short-term: RANGE/MIXED

Commentaire:

BOOM!. down 7% already.