ð Paradisers, #BCH is currently experiencing panic selling, and I am expecting a potential breakdown of the supportive trendline to gather liquidity for an upward trend.
ðIf #BCHUSDT breaks below the trendline and exhibits a Change of Character (CHoCH) and Break of Structure (BOS) from the bullish Order Block (OB), which coincides with the Fibonacci 0.618 level, we might see a rebound from this point.
ðHowever, if the price falls below this level, it would typically be considered bearish. In this scenario, I would recommend not focusing on this move.
ðIf #BCHUSDT breaks below the trendline and exhibits a Change of Character (CHoCH) and Break of Structure (BOS) from the bullish Order Block (OB), which coincides with the Fibonacci 0.618 level, we might see a rebound from this point.
ðHowever, if the price falls below this level, it would typically be considered bearish. In this scenario, I would recommend not focusing on this move.
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