BCH - IS IT ENOUGH FOR BULLS NOW?

TRADE:: BCH_4
STATUS:: CONTEMPLATiNG

TYPE:: SHORT
SIGNAL:: EXHAUSTION (MFI, WAIT FOR CONFIRMATION FROM OBV)
FILTER:: OBV

VOLUME:: $3000
ENTRY:: 265-270 RANGE
TP:: 20%
SL:: 2.7%
RR:: 8.27%
LOSS:: $100
PROFIT:: $700

PROS::

1. MFI BEARISH DIVERGENCE
2. ICHI iS RED ON A DAiLY AND 16H
3. CONFiRMED RS ZONE

CONS::

1. DANGEROUS TO SHORT DURiNG BULL TREND (1H,4H EMA ARE UP)
2. IF WE BREAK THROUGH 270 , BE READY TO FLIP TO THE BULL SIDE
3. OBV iS STiLL PUSHiNG HiGHER, HAVE TO WAiT FOR IT FIRST, BEFORE ENTERiNG THE TRADE


OVERALL:: BCH MAiNTAiNED PROBABLY THE BEST COMPARiNG TO OTHER ALTCOINS, SHORT FROM THiS LEVEL MiGHT BE VERY PROFiTABLE. IF BTC DIPS BELOW 10k, THESE SHORT WiLL PAY OFF VERY WELL
ALSO CONSiDER ANY ENTRY POiNT BELOW 260 LEVEL iN CASE PRICE WON'T TOUCH 265-270 ZONE AGAIN.

Komen:

SL MOVED TO BREAKEVEN

Komen:

MOVED SL TO 246,77