Currency $BCH

**Purchase Price (Entry):**

Between $470 – $475 (near technical supports at $470 with positive market behavior)

---

🎯 Profit Taking Targets:

1. 🥇 First Target: $500 (technical resistance level with a breakout of 50-SMA) – interim

2. 🥈 Second Target: $520 – $525 (area near the exponential moving average and textual resistance)

3. 🥉 Third Target: $550 – $560 (after breaking 525, a continued upward structure towards the next resistance)

---

🛑 Stop Loss:

**$440** as a safe limit: a clear close below it means breaking the technical support (440$ initial support against the selling scenario)

---

📊 Brief Technical Analysis:

BCH rose about 7–8% over the past week and reached $453 • increasing trading volume + strong buying pressure.

Current resistance at $460–462; breaking it could push BAC towards $500 then $520–525.

Strong technical support between $440–420; breaking $440 could push the correction towards $420 ● worst-case scenario reaching $400.

---

✅ Analytical Notes:

RSI ≈ 60: there is still room for upward movement before entering overbought conditions.

Technical indicators (MACD, SMA): suggest a medium-term bullish trend with support at 50-SMA at $403 as a strong base.

Breaking $454.7–462 will be a strong buy signal and evidence of a trend reversal in favor of bulls.

---

🔍 Trade Management Strategy:

Use a staggered position: sell part of the quantity at each target to realize profits and reduce pressure.

Stop loss taking at $440.