$BCH /USDT

๐Ÿงพ 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

๐Ÿ” Key Technical Levels

โœ… Support Zones

S1: $501.5 (previous breakout zone + buyer interest)

S2: $488.1 (24h low, bounce zone)

S3: $475.0 (if correction extends)

๐Ÿ”ผ 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)

๐Ÿ“ˆ Price Action Analysis

Strong bullish movement from $488 โ†’ $522 (โ‰ˆ7% 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

๐Ÿง  Trade Setups

๐ŸŸข 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

๐Ÿ”บ 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

๐Ÿ”ป Scalp Setup (Short-Term Play)

Buy: $517โ€“$519

TP: $522โ€“$526

SL: $509

Works best on 15m/1h chart

๐Ÿ“‰ 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

๐Ÿ“Š 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

โœ… 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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