$BCH /USDT – BULLISH CONSOLIDATION AIMS FOR BREAKOUT ABOVE $450
Current Price: $437.5
24h Range: High $444.8 | Low $421.1
Trend: Bullish (Momentum Building Slowly)
$BCH is currently in a healthy consolidation after a strong upward move. Despite minor intraday retracement, the price action remains constructive, with buyers defending higher lows and volume remaining steady. This setup suggests potential for another leg up if key resistance is broken.
Key Levels to Watch:
Resistance Zones:
$444.8 (24h high – immediate resistance)
$452.0 (breakout level to watch)
$468.0 (next major target zone)
Support Zones:
$432.0 (minor support)
$421.0 (24h low – strong support base)
$408.0 (trend invalidation level)
Trade Setup (Long):
Entry: $436–$438
Targets (TP):
TP1: $444
TP2: $452
TP3: $468
Stop Loss (SL): $420
Market Outlook:
BCH is up 30.36% in the last 90 days, showing strong mid-term bullish momentum. After a short cooling-off period, the price is coiling in a tight range just under resistance. A confirmed breakout above $444.8 could trigger fresh buying interest.
Risk Management:
Limit your exposure to 2–3% of total capital. Ensure a minimum 1:2 risk-reward ratio. Move SL to breakeven after TP1 hit and trail profits if breakout extends.
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