$BCH USDT BULLISH MOMENTUM PAUSES NEAR RESISTANCE! 🚨
After a strong impulsive rally, $BCH USDT tapped into the $507–$510 resistance zone and printed a rejection candle on the 1H timeframe, showing signs of short-term exhaustion.
The previous trend remains bullish, but this red candle indicates potential profit-taking or a short-term pullback before continuation.
🔔 TRADE SETUP IDEA:
Scenario 1 – Conservative Entry (Pullback Buy):
Wait for price to retest the $488–$492 demand zone.
✅ Entry: $492 (retest)
🎯 Take Profit: $510
🛑 Stop Loss: $485
📈 RR Ratio: ~2:1
Scenario 2 – Breakout Trade (Momentum Buy):
If price breaks above $508 with strong volume:
✅ Entry: $510
🎯 TP: $520–$525
🛑 SL: $500
📈 RR Ratio: 1.5–2:1
📉 SHORT MARKET OUTLOOK:
Momentum: Still bullish, but signs of intraday resistance.
Volume: Healthy, supporting trend continuation on dips.
Bias: Buy-the-dip towards demand or breakout continuation.
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