$BCH Eyeing a Major High Retest at $718 ๐Ÿค๐Ÿค

$BCH is trading around $626, showing strong bullish momentum after a 146% surge from the recent pullback lows. Price is now testing the $630 resistance zone a level that has rejected advances twice in the past.

Trade Setup

Entry Zone: $615 โ€“ $626 on minor retracements

Stop Loss: Below $600 to protect against false breakouts

Target 1: $650 โ€“ near-term breakout level

Target 2: $718 โ€“ retest of the major high if momentum sustains

Technical Outlook

The chart shows BCH breaking out of its consolidation and pullback phases, creating a strong push toward prior highs. A clean breakout above $630 with strong volume could set the stage for a move toward $718, the next major resistance. Failure to break $630 may lead to short-term consolidation before another attempt.