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$BCH (1h) - Short Rejection
Bias: Short
Entry (Zone): 198.0 - 200.0
Targets:
TP1: 194.5
TP2: 191.5
TP3: 188.5
Stop Loss: 201.8
Why this Setup:
I see price consolidating just below the 200 area after a strong drop and rebound, which makes this zone a clear resistance to fade. I want to short any rejection from this range and look for a move back into the lower support and liquidity pockets if bulls fail to reclaim 200 cleanly.