📈 $BCH /USDTTechnical Highlights:
Current Price: $480.7
Support: Strong rebound from $448.9
Resistance: Immediate at $493.9, breakout point
Volume: Healthy at 38.77M USDT, indicating buyer strength
RSI(6): ~81.3 — Overbought but supports strong momentum
Structure: Higher highs and higher lows (classic bullish continuation)
🟢 Long Trade Plan:
Entry Zone: $472.0 – $484.3 (current price near top of this range)
Stop Loss: Below $459.0 (just under recent structure support)
Target 1: $496.8 → Test of previous spike
Target 2: $512.5 → Psychological resistance
Target 3: $528.0 → Historic resistance zone
📊 Risk-Reward Estimate:
Risk (from $481 to $459): $22
Potential Reward:
Target 1: +$15.8 → 0.72x RR
Target 2: +$31.5 → 1.43x RR
Target 3: +$47 → 2.14x RR
A breakout confirmation above $494 on strong volume will validate this trade idea further. If price rejects there, you might consider waiting for a retest or pullback to the $472 zone before entering.
⚠️ Things to Watch:
RSI near 81: While bullish momentum is strong, be cautious of pullbacks or fakeouts due to overbought conditions.
Volume Divergence: If volume weakens on the next leg up, it could signal a false breakout.
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