🔥 $BCH /USDT – Preparing for the Next Leg Up? 📈
$BCH is showing renewed bullish energy, now trading at $442.5 (+1.96%) after rebounding strongly from the recent dip to $397.7. Bulls are reclaiming control as the price climbs above key moving averages!
🔍 Technical Snapshot:
✅ Reclaimed MA(7) ($433.8) and MA(25) ($431.7) – a sign of short-term trend strength.
🟣 Still trading well above MA(99) ($413.6) – confirming a solid support structure.
🧱 Strong resistance at $451.6 (24H high) – needs to break this zone for a continuation rally.
📊 Trading Plan:
🔸Scalp Trade Setup:
📍 Entry: $441–$444
🎯 TP1: $450
🎯 TP2: $456
🛑 SL: $430
🔸Breakout Strategy:
📍 Entry: On breakout above $452
🎯 TP1: $470
🎯 TP2: $488
🛑 SL: $438
💡 Pro Tip: Watch for volume confirmation above $451. A strong push with increasing volume could lead to a breakout rally. Be ready, but never forget risk management!
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