$BCH /USDT
๐งพ Market Snapshot
Current Price: $517.6
24h Change: +5.68% (bullish trend)
24h High: $522.4
24h Low: $488.1
24h Volume:
BCH: 76,698.66
USDT: $38.70M
Category: PoW (Proof of Work)
Exchange: Binance
๐ Key Technical Levels
โ Support Zones
S1: $501.5 (previous breakout zone + buyer interest)
S2: $488.1 (24h low, bounce zone)
S3: $475.0 (if correction extends)
๐ผ Resistance Zones
R1: $522.4 (24h high โ intraday resistance)
R2: $530.0 (round number + historical resistance)
R3: $550.0 (swing high from recent weeks if momentum continues)
๐ Price Action Analysis
Strong bullish movement from $488 โ $522 (โ7% range)
Current price ($517.6) is just under resistance โ watch for either breakout or rejection
Steady volume ($38.7M USDT) confirms real interest, not a weak pump
๐ง Trade Setups
๐ข Pullback Buy (Safer Entry)
Entry: $501โ$508
Target: $522 โ $530
Stop Loss: $487
Why: Catches price on dip to previous breakout level, lower risk
๐บ Breakout Trade
Entry: $523+ (candle close above resistance on 1h or 4h chart)
Target: $535 โ $550
Stop Loss: $512
Conditions: Only if BTC is stable or trending up, and volume remains strong
๐ป Scalp Setup (Short-Term Play)
Buy: $517โ$519
TP: $522โ$526
SL: $509
Works best on 15m/1h chart
๐ Risk Management
If BCH loses $488 with volume, deeper correction likely
Watch BTC closely โ BCH often moves in tandem, especially in alt momentum runs
๐ Indicators to Watch (Optional)
RSI (4h): If approaching >70 โ short-term exhaustion
MACD: Check for bullish crossover confirming upward momentum
Volume Trend: $40M+ volume is breakout-supportive
โ Summary Table
Setup TypeEntryTarget RangeStop LossPullback Buy$501โ$508$522โ$530$487Breakout Buy$523+$535โ$550$512Scalp Buy$517โ$519$522โ$526$509
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