$BCH ｜August 25 10:00 TradeyAI Market Professional Commentary
Current Price ≈ 586. Based on our analysis from last night of "585 support / 602 resistance / range fluctuations," we are currently just above the lower edge around 1 dollar, still within the range of "defending support, testing upper edge," with rhythm and plans consistent.
Quick Structure
* Range: 585 to 602 (central range fluctuation not broken)
* Below: 585 is the primary defense, if breached, look for 580/574 for secondary support
* Above: 592 (short-term pressure) to 598 (previous high concentration) to 602 (upper range/breakout level)
* Momentum: Short-term moving averages are flat, volume has not expanded = direction is uncertain; only with volume expansion is there a trend
Operational Suggestions
Edge Testing Long (arbitrage/low absorption):
* Range: 585 to 587, enter in batches, hard stop loss at 584;
* Take profit in batches on rebounds: 592 and 598; if it hits 602 without breaking, take profits first.
Breakout Following (trend order):
* After volume expands above 602, wait for a pullback that does not break 598 to 600 before adding positions, target 608 to 615;
* Use trailing stop-loss throughout (reduce half position or exit when retracing 1.2% to 1.8% after entry).
Response to Breach:
* If it breaks below 585 and volume expands, exit quickly; see if 580 stabilizes, if not stable look at 574 for further signals.
One-Sentence Conclusion
586 is at the "support testing position": do not chase emotions, use small stop losses to bet on rebounds; true breakouts look for price and volume resonance at 602, then switch to trend following.
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