BCHUSD D4: BEST Level to SHORT IT 80% gains(SL/TP)(UPDATED)

30 Jan 2021

BCHUSD D4: BEST Level to SHORT IT 80% gains(SL/TP)(UPDATED)
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 D4 chart review/outlook
::: setup still valid as of right now
::: MAX 80% correction incoming soon
::: massive rejection near range highs
::: furthermore ETHUSD failing near ATH
::: so limited upside in BCHUSD
::: expecting pullback/correction mode
::: re-test of mid range required for BULL RUN
::: so conservative target for BEARS
::: is 185USD which is 60% downside
::: it's possible that price will re-test
::: near range lows (80% correction)
::: however base scenario is 60% correction
::: no valid setup for bulls here
::: TP BEARS is 185 USD
::: recommended strategy: SHORT IT / SHORT rips/rallies
::: ENTRY at market or below dashed line
::: SWING TRADE: SHORT HIGH TP 60% 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/185 USD
::: Sentiment outlook short-term: MAXED OUT/REVERSAL