Short

BCHBTC: Speculative short idea

Updated

BCH doesn't look too strong following it's pump. Im seeing a descending triangle inside of a head and shoulders pattern. However, we have not broken the neckline. Therefore, this is a speculative short position that I am taking. Target is the first resistance turned support.

Note

Note that BCH has a history of pumping & flagging before making new lows

snapshot

Trade closed: stop reached

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