$BCH 🚀 BULLISH MOMENTUM 🚀
BCH Overview
Price: $598.10
24h Volume: $55.36M USDT
Trend Bias: Slight bullish bias after consolidation
Volatility: Medium-high – good for active trades
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📈 Chart Technical Analysis
Support Zones: $585 – $575 (buyers step in here often)
Resistance Zones: $610 – $625 (watch for profit-taking)
Moving Averages:
MA50: Trending upward, signaling medium-term strength
MA200: Still below price – longer-term bullish bias intact
RSI (14): ~62 – leaning toward overbought but with room for more upside
MACD: Bullish crossover intact, momentum favoring longs
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🎯 Day Trading Strategy
Plan:
1.Long Entries:
Enter near $585–$590 if price pulls back to support
Stop-loss: $575
First target: $610, second target: $625
Breakout Play:
If price breaks $610 with volume > $70M in 4h, ride momentum to $635–$650
Use trailing stop to lock in profits
Market Sentiment
Social Buzz: Positive – BCH is trending in crypto Twitter discussions due to fork history and BTC price correlation
Funding Rates: Neutral to slightly positive – no extreme long/short imbalance
Correlation: Strong with BTC, so keep an eye on BTC's intraday moves
