1. Current situation:
- Last price: 421.86 USDT (+3.63%).
- Marking price: 422.06 USDT (close to the last price, indicating stability).
- 24h range: 403.39 - 424.69 USDT.
- Volumes:
- 345,830.308 BCH (high interest in assets).
- 143.82 million USDT (confirms activity).
2. Key levels:
- Support:
- 412.90 USDT (nearest level).
- 400.33 - 400.97 USDT (strong support zone).
- Resistance:
- 424.69 USDT (24h high).
- 430.80 USDT (opening level).
3. Indicators:
- MACD:
- DIF (2.22) above DEA (1.83), histogram positive (0.39) — buy signal.
- RSI(6): 64.82 (close to overbought, but still has growth potential).
- Trend: Price above the averages (MA/EMA), indicating an uptrend.
4. Scenarios and actions:
- Optimistic scenario (breakout):
- If the price consolidates above 424.69 USDT, growth to 430.80 USDT is possible.
- Action: Buy on breakout with targets at 430.80 USDT and above. Stop-loss below 418.87 USDT.
- Neutral/corrective scenario:
- If the price retraces to support at 412.90 USDT, look for entry points.
- Action: Buy on bounce from 412.90 USDT with targets at 421.86 USDT. Stop-loss below 406.94 USDT.
- Cautious scenario (reversal):
- If it falls below 400.33 USDT — signal to decline.
- Action: Take profit or sell. Stop-loss above 406.94 USDT.
5. Risk management:
- Risk per trade: No more than 1-2% of capital.
- Risk/reward ratio: Minimum 1:2 (for example, risk 5 USDT, target 10 USDT).
6. Additional factors:
- Time: Asia/Europe (9:00 - 22:00 UTC) — high volatility.
- News: Keep an eye on news regarding Bitcoin Cash and the overall cryptocurrency market.
Conclusion: Uptrend prevails, but RSI warns of possible correction. Trade at levels with clear risk management.