$BCH /USDT
📊 Market Insight
$BCH is trading at $570.8, up +2.90%, showing strength after bouncing from the $554.6 low. Price action is pressing against resistance at $573.7, and momentum is building with increased volume and short-term bullish pressure. However, price is still below the 5 and 10-period moving averages, which are skewed due to a recent volatility spike — monitor for mean reversion or continuation above MA zones.
💰 Entry Zone
Entry: $561 – $568
(Entering on a minor retrace from resistance)
🎯 Targets
Target 1: $579
Target 2: $593
Target 3: $610
🛑 Stop Loss
Stop: $547
(Just below the key support and demand wick)
🧭 Key Levels
Support: $554 / $547
Resistance: $573.7 / $579
Pivot Zone: $561 – $568
💡 Pro Tip
Watch the $573.7 resistance. If BCH breaks and closes above this on good volume, you can scale into continuation trades or move your stop loss to break-even after Target 1. Also, pay attention to Bitcoin’s price movement — BCH often mirrors BTC direction on larger swings.
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