$BCH /USDT
๐ Market Snapshot
Current Price: $521.7
Daily Change: +4.19%
24h Range: $488.1 โ $530.0
Volume:
BCH: 101,205.64
USDT: $51.89M
๐ Key Technical Levels
๐ผ Resistance
R1: $530.0 โ daily high, short-term breakout level
R2: $534.7 โ sell wall, depth book resistance
R3: $550+ โ psychological round number target if breakout sustains
๐ฝ Support
S1: $514.2 โ minor support, recent consolidation
S2: $493.7 โ confirmed historical base
S3: $488.1 โ 24h low, invalidation zone
S4: $473.2 โ last strong bounce point
โ๏ธ Market Behavior
BCH is showing stronger-than-average daily momentum.
Rising on increased volume and volatility, showing accumulation and rotation into POW assets.
Appears to be in a continuation of an uptrend, possibly forming a bull flag or wedge.
๐งญ Trade Setup Ideas
โ Trend Continuation Buy
Entry: $522โ$524 (current price zone or small breakout candle)
Target: $530 โ $534 โ $548
Stop Loss: Below $514 (or tighter at $510)
Momentum play โ look for volume confirmation above $530.
๐ Pullback Buy
Entry: $493โ$495
Target: $521 โ $530
Stop Loss: Below $488
This level held repeatedly and offers better risk/reward.
โก Scalp Short (Countertrend)
Entry: $534โ$537
Target: $521โ$514
Stop Loss: $540
Only valid with rejection wicks or RSI divergence on 1h/4h timeframe.
๐งฎ Trade Summary
StrategyEntryTargetStop LossBreakout Buy$522โ$524$530 โ $534+$514Pullback Buy$493โ$495$521 โ $530$488Scalp Short$534โ$537$521 โ $514$540
๐ง Notes for Traders
BCH has historically been very reactive to Bitcoin movements, so watch BTC for correlation.
Set alerts near $530 โ a break with volume could trigger a squeeze.
Avoid chasing green candles โ volume drop or RSI overextension could signal reversal.
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