$BCH
BCH
505.9
-0.31%
/USDT Bullish Continuation ⚡
Technical Analysis:
$BCH/USDT is showing signs of a bullish continuation after bouncing off support around $515–$519. The price is currently holding above $527, indicating steady buying pressure. If the pair breaks above the recent high of $532.6, it could trigger further upside toward key resistance levels. Volume is moderate, supporting a potential upward move in the short term.
Trade Setup:
Entry Range: $527 – $532
Target 1: $540
Target 2: $550
Target 3: $562
Stop Loss (SL): $515
Market Outlook:
The market is favoring buyers, and holding above $527 is critical for continuation. A clear break above $533–$535 could accelerate bullish momentum. On the downside, a drop below $515 may delay the upward move.
