$BCH Idea (4H Chart)

▶️ Entry Zone: 280.25 - 300.51

🛑 Stop Loss: 265.66 (24h Low)

🎯 Take Profit 1: 359.62 (EMA(25))

🎯 Take Profit 2: 383.60 (EMA(99))

Analysis:

* Price is significantly below all EMAs (7, 25, 99), indicating a strong bearish trend.

* Recent price action shows a sharp decline with a potential bottoming formation.

* RSI(14) at 16.00 is extremely oversold, suggesting a possible rebound.

* MACD is deeply negative with a wide gap between signal lines, indicating strong bearish momentum.

* 24h price change of -16.98% shows extreme selling pressure.

The current setup suggests an extremely oversold condition after a sharp decline. While the overall trend remains strongly bearish, there's potential for a short-term bounce or relief rally from these oversold levels.

Caution:

* The broader trend is strongly bearish, so this is a high-risk counter-trend trade.

* Use tight stop-loss orders to manage risk in this highly volatile market.

* Consider smaller position sizes due to the extreme nature of this trade.

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