The asset has not yet shown a reversal signal, I made a partial entry at 355 and will analyze again later.
Doutor_Castor
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Analysis for Long Trade of BCH/USDT
. Current Context $BCH - Current Price: $358.2 (-5.34%), close to the 24h low ($357.7). - RSI(6):21.5 (extreme oversold), signaling possible exhaustion of the decline. 2. Key Points for a Long Trade: Supports and Resistances: - Immediate Support: $357.7 (24h low). - Resistances: - $360.3 (EMA(99) and EMA(9)). - $364.1 (EMA(25)). - $383.3 (24h high). Indicators: - RSI(6):21.5 (oversold condition, but requires confirmation of reversal). - Volume: Reduction in current volume (33.35k vs. MA(5) of 912k) suggests caution.
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