$BCH USDT – LONG SETUP FORMING AT STRONG SUPPORT
Bitcoin Cash (BCH) is holding near the $546.6 support level after a sharp retracement from $577+. With buyers stepping in and the market stabilizing, a potential bounce is on the table.
🔹 Entry Zone: $548 – $555
🎯 Targets:
• TP1: $566
• TP2: $577
• TP3: $588.5 (final target)
🛡 Stop Loss: Below $544
📊 Technical Outlook:
• Strong demand seen near $546 area
• Multiple rejections from the lower range
• A break above $566 may trigger further upside momentum
⚠️ Risk Management: Stick to defined SL, use 1–2% capital per trade. Avoid chasing if price rallies past entry zone.