$BCH looks like a trap reset ๐
Price just broke out of a steep descending wedge after a sharp flush to the 190-200 area. That wick-heavy bottom screams absorption, not weakness.
โก The trigger is a clean hold above 215. That's where momentum shifts from recovery to reversal.
๐ฏ Upside opens toward 350 first, then the 460-480 zone if bulls stay in control. Invalidation sits at 180 โ a daily close there and the bounce thesis is done.
๐งจ Late shorts near the lows are the ones at risk here. Smart money already absorbed the sell pressure. The micro wedge breakout is the tell.
๐ Market read: this looks less like a random bounce and more like a deliberate reset before a larger move.
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