BCHUSD (4H) - Bearish breakout

Hi Traders

BCHUSD (4H Timeframe)

The market is in a downtrend, and we are waiting for an entry signal to go SHORT below the 231.60 support level. Only the upward break of 255.70 would cancel the bearish scenario.

Trade details

Entry: 231.60
Stop loss: 255.70
Take profit 1: 217.00
Take profit 2: 193.00

Score: 7
Strategy: Bearish breakout