Buy trade signal on pair $BCH /USDT - Strong rise towards a major resistance level!
The BCH pair is trading at $420.2 with an increase of +3.63%, showing a strong bullish trend on the thirty-minute chart. The price has steadily risen from its low of $388.8 and is now stabilizing at the resistance level of $422.7. Momentum is still in favor of the bulls.
Trading settings:
Entry price: $418-421
Take Profit (TP): $428 / $436 / $445
Stop Loss (SL): $410
Why buy?
The BCH pair has formed a series of higher highs and lows with slight retracements. Trading volume is supportive, and the price movement is clear and directional. A breakout above $422.7 could lead to an accelerated move towards higher targets.
Risk management tip: Consider taking partial profits at each take profit order and trailing the stop loss for a low-risk, high-reward profit. Don't let this breakout pass without taking advantage of it - enter wisely, and exit rich!
Capitalize on the momentum before it fades - profits favor the brave!
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