š» $BCH /USDT ā Bearish Rejection Near Resistance!
Back Below $410 ā Eyes on $395 Support Zone
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Current Price: $406.3
š» 24h Change: -4.04%
š 24h High: $424.2 | 24h Low: $396.5
š 24h Volume: 32,216 BCH | $13.22M USDT
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š Market Snapshot:
Bitcoin Cash has dropped sharply after facing rejection from the $424 resistance. It's now hovering near a critical support zone at $396ā$395. A breakdown here could trigger further downside.
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š Key Technical Zones:
Resistance: $415 ā $424
Support: $395 ā $396.5
Breakout Level: $425+ (for bullish continuation)
Breakdown Level: Below $395 (could hit $375)
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š Bullish Reversal Setup:
Entry Zone: $396 ā $405
Targets:
TP1: $415
TP2: $422
TP3: $432
Stop Loss: $389
š Bearish Breakdown Setup:
Short Entry: Below $395
Targets:
TP1: $384
TP2: $375
TP3: $362
Stop Loss: $408
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š” Pro Tip:
Volume dropping with price = weak bullish hands. Only enter long if $395 holds on strong demand. Watch for fakeouts near key levels.
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š£ Will $BCH hold the $395 line or dive deeper?
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