$BCH Bounce From the Abyss: Bulls Reload at 436....
#BitcoinCash just staged a powerful reversal after bottoming at $436.9 and reclaiming key resistance zones with strong 4H candles. With bullish momentum building, this looks like a classic V-shaped recovery setup.
Long Trade Setup
Entry Zone: $487 โ $489
TP1: $505
TP2: $520
TP3: $540
Stop Loss: Below $475
๐Market Insight:
BCH is riding a breakout wave from its double-bottom structure and reclaiming lost ground fast. Volume is rising, and the 54% bullish order book bias confirms demand. If the price closes above $494.9 (24h high), we could see rapid continuation toward the $520+ range. Tight risk, clean setup.
Strategy Tip:
Consider scaling into the position as long as price holds above $485 support with decent volume confirmation. This is a momentum play with retracement potential if BTC remains stable.