#BCH #BCHUSD #cryptotrader With my buy position at 516.70 and the current price at 517.69 on the BCH/USDT perpetual chart, the market shows a slight upward tick after a recent drop. The 25-period SMA (525.52) and 99-period SMA (522.98) suggest resistance overhead, while support lies near 515-516. Given the recent volume spike and slight bullish momentum, consider setting a take-profit target around 520-522 if the price breaks above 518 with increased volume. i

Place a stop-loss below 515 to manage risk. Monitor the 25 SMA closely; a drop below it could signal an exit. Adjust based on real-time price action