$BCH /USDT BULLISH BREAKOUT LOOMING š | EYES ON $520+ š
š„ Current Price: $497.9
š 24H Range: Low $469.1 ā High $500.9
š 24H Change: +5.85%
š TECHNICAL ANALYSIS:
$BCH /USDT is showing strong bullish momentum after a clean bounce from the $469.1 support zone. The price is hovering near $498, eyeing a breakout above key resistance.
š§± KEY LEVELS:
Support Zones:
š $492 ā Minor support
š $469 ā Strong support (recent low)
Resistance Zones:
š§ $505 ā Immediate resistance
š§ $520 ā Breakout target
š§ $540 ā Extension target
š ļø TRADE SETUP (LONG ENTRY):
š„ Entry: $498 ā $500
šÆ Take Profit:
TP1: $520
TP2: $540
š”ļø Stop Loss: $485 (below minor support)
š RISK MANAGEMENT:
Risk 1-2% of your capital per trade. Always use SL and trail profits as TP1 is approached to protect gains. šš°
š Momentum is favoring bulls ā Wait for volume confirmation above $505 for a stronger move!
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