$BCH

$BCH Trade Plan for BCH/USDT 📈

Current Price: $351.70
24h Change: -2.14%
Market Cap: $7.45B
24h Volume: $431.31M

✅ Entry Zone:

Buy within $348.00 – $350.00, assuming this range is near a support level after the recent 2.14% dip. This is a conservative entry to account for potential consolidation.

⛔ Stop Loss:

Set at $344.00 (below the entry zone, roughly 1.1% below the lower entry point to account for BCH’s volatility).

🎯 Profit Targets:

Target 1: $355.00 📍 (Move stop to breakeven)

Target 2: $360.00 🎯

Target 3: $368.00 🚀

📊 Risk/Reward Ratio:

3:1+ ⚖

Risk: $350.00 - $344.00 = $6.00

Reward (Target 2): $360.00 - $350.00 = $10.00 (R:R of ~1.7:1 at Target 2; higher if Target 3 is hit).

### Key Observations:

Bearish Short-Term Momentum: Price down -2.14% in 24h, indicating a correction or profit-taking after a potential prior uptrend.

Volume: $431.31M in 24h suggests moderate liquidity, higher than TON’s $160.81M, supporting smoother entries/exits.

Market Cap: $7.45B indicates BCH is a mid-tier coin, with moderate volatility tied to its role as a Bitcoin fork focused on payments.

Price Context: $351.70 is a moderate level for BCH (historically, BCH has seen resistance around $400–$500 in past cycles). A bounce above $355.00 could signal short-term bullish momentum.

🔄 Strategy:

Trail stop above the entry price after Target 1 is hit to lock in profits.

Watch for rejection at psychological resistance around $360.00–$370.00.

If momentum weakens (e.g., price fails to break $355.00), consider an early exit at a 2:1 R:R.