$BCH

USDT Technical Analysis | 2025-04-26

Bitcoin Cash (BCH) is currently showing bearish momentum, trading around $356.6, very close to its 24h low of $356.4. The price is also below key moving averages (MA(7) = 358.8, MA(25) = 366.9, MA(99) = 361.5), confirming the downtrend.

Bearish Setup:

Entry Zone: $356.0 – $359.0

Target 1: $352.0

Target 2: $345.0

Stop Loss: $362.0 (above MA(7) and local resistance)

Key Points:

BCH broke below short-term support levels.

Low volume compared to MA(5) and MA(10) volume suggests weak buyer activity.

If price sustains under MA(7), further downside is likely.

Risk Management:

Position sizing and tight stop loss are recommended due to possible volatility around support zones.

Trend: Bearish

Strategy: Sell on minor retracements toward resistance (MA(7)) with downside targets.

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