🚀 $BCH Technical Outlook – Bounce in Play
After retesting key support near $497.1, Bitcoin Cash ($BCH) is showing signs of strength as it reclaims the $500 level. A reversal structure is emerging on the 15-minute chart, hinting at renewed bullish momentum following a controlled dip from the $509 resistance zone.
🔍 Scalping / Intraday Trade Setup
Entry Range: $499 – $500
Targets:
• TP1: $503
• TP2: $506
• TP3 (Aggressive): $510
Stop-Loss: Below $496.5
If BCH sustains above $498, a retest of the recent highs looks likely. Traders with a short-term horizon may find this a compelling setup to monitor.
📌 Final Note:
Momentum has returned, but remain cautious around resistance zones. Quick reactions and strict risk management remain key in volatile setups like this.