$BCH
Bitcoin Cash (BCH) is currently trading at $485.22-$498.90, with an 8.06%-11.71% increase in the last 24 hours.
*Key Levels to Watch:*
- *Support Level:* $456 (lower boundary of the descending channel), $453.07 (24-hour low)
- *Resistance Level:* $485 (previous resistance), $568 (potential target)
*Trading Setup:*
- *Long Entry:* Consider buying above $485 or at the support level ($456) with targets at:
- *Target 1:* $472 (short-term target), $481.2 (potential target)
- *Target 2:* $485, $568 (long-term targets)
- *Stop Loss:* Set at $453.07 (below the 24-hour low) or $456 (below the support level)
*Market Sentiment:*
- *Trend:* Bullish momentum building with potential breakout
- *Volume:* $416.61 million-$703.23 million in 24-hour trading volume, indicating high market interest
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