Bit.Cash H1: The downward signal is visualized on the chart
The balance of power in Bit.Cash is gradually changing, as the upward impulse is fading.
The formation of a symmetrical triangle on the chart indicates a phase of consolidation or uncertainty. A break through the lower leg of the triangle is a key signal of a potential downward movement.
Short positions should be prioritized to trade Bit.Cash. A trader can enter using the current price levels or, alternatively, it can be done after a retest of the resistance level.
📌 Entry: 596.96
✔️ First target: 568.62
✔️ Second target: 554.44
❌ Stop order: 612.40
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