๐จ $BCH /USDT โ Support Break or Bounce Incoming? โ ๏ธ๐
$BCH is down -3.06%, currently trading at $564.5 after failing to hold above $587. Can buyers step in here, or will we see a deeper pullback? Letโs analyze!
๐ Market Overview
๐ Current Price: $564.5
๐ 24h High: $587.1
โ๏ธ 24h Low: $560.3
๐ Parabolic SAR: $560.3 (Key support level under pressure)
๐ MACD Momentum
DIF: -3.15 (Bearish momentum growing)
DEA: -2.05
MACD: -2.20 (Bearish crossover confirmed)
๐ BCH Trade Setup โ Key Levels to Watch
๐น Bullish Scenario (If BCH holds above $560)
Entry: Above $570
Targets: $588, $608, $614
Stop-Loss: $536
๐น Bearish Scenario (If BVH breaks below $560)
Entry: Below $560
Targets: $536, $510, $490
Stop-Loss: $570
๐ Hold or Sell Analysis
โ ๏ธ MACD is bearishโmomentum still with sellers
โ Holding $560 support is critical for bulls
โ ๏ธ Breakdown below $560 could open further downside to $536โ$510
๐ก Pro Tip
๐ Avoid rushing inโwait for confirmation of a bounce above $570
๐ Reclaiming $588 with strong volume could flip short-term trend bullish
๐ข Are you buying the dip on BCH or staying cautious? Drop your strategy below!
๐ฅ LIKE & SHARE if youโre trading BCH with discipline!
