🚨 $BCH /USDT – Breakdown or Bounce? Pressure Builds Below $510! ⚒️
#Bitcoin Cash is trading at $506.50 (-3.76%), slipping from a $526 high. With RSI sitting flat near 49 and fading volume, is this the calm before a bounce—or more downside ahead?
📊 Market Overview
📍 Current Price: $506.50
📈 24h High: $526.60
❄️ 24h Low: $497.30
📊 Parabolic SAR: ~$495.00 (Still above trend floor)
📉 MACD Momentum:
DIF: -2.70 (Bearish bias creeping in)
DEA: -1.25
MACD: -2.90 (Sellers gaining strength)
📈 RSI(6): 49.3 – Neutral zone, direction undecided
📊 MA(5): 1.52K | MA(10): 2.96K (Volume decline = caution)
📈 BCH Trade Setup – Key Levels to Watch
🔹 Bullish Scenario (If BCH Holds Above $500):
Entry: Above $510
Targets: $521, $530, $545+
Stop-Loss: $495
🔹 Bearish Scenario (If BCH Breaks Below $495):
Entry: Below $495
Targets: $480, $465, $450
Stop-Loss: $510
🔍 Should You Hold or Sell?
✅ Holding $500 keeps recovery in play
⚠️ MACD shows rising bearish pressure—watch $495 closely
⚠️ Low volume = risk of fakeout moves both directions
💡 Pro Tip:
🚀 Watch for reclaim of $510 with strong volume—that’s your cue for $530+ targets
⚠️ Breakdown below $495 likely opens floodgates to $465 zone
📢 Are you long on BCH or eyeing short-term dips? Share your trade plan below! 🔍
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