$BCH $BCH
Strong support test alert!
Bitcoin Cash traders should be cautious as the BCH/USDT pair has begun an attempt to reverse near a strong support level🚨
Current price: $364.4, down -1.65%. The price is under slight pressure but a rebound setup is forming.
The highest price in the last 24 hours reached $370.6, and the lowest price was $354.9, indicating that the price tested the support.
If BCH closes the one-hour candle above $370.0, the next resistance may be at $385 and $398.
However, if the price closes below $354.0, a downward trend may open towards $340 and $328.
The trading volume is good with $18.5 million traded in the last 24 hours.
Short-term momentum indicates a neutral to bullish shift.
Professional advice:
The best area for immediate buyers is at a price range between $360 and $365.
Futures traders are looking for a long-term tab at $370 to confirm the breakout.
Consider a short tab when losing $354.
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