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$BCH 📉⚠️🔻
🎯 About to close its first 3-day candle below the 200 SMA in over a month. $443 is the line.
This is not a daily chart moment. Bear markets break moving averages on higher timeframes first, transition to 3D and weekly now, not later.
Last time BCH lost this 200 SMA on the 3-day was over 400 days ago, it corrected 26%, $345 to $250.
$443 is the key level. It was the higher low that made the $667 high. No 3-day candle has ever closed below it. Right now BCH is trading at $441, already beneath it. Candle closes in ~13 hours.
OI dropped $29M alongside price today. Not accumulation, positions unwinding.
That close matters. Watch it.