$BCH ๐ BULLISH CONTINUATION ๐
๐ BCH/USDT โ Technical Analysis & Strategy
๐ก Current Snapshot:
Price: $410
24h Volume: $15.94M
Trend: Bullish continuation
Timeframes: Daily & 4H
Momentum: Strengthening
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๐ Key Technical Indicators:
Indicator Reading Signal
RSI (14D) 63 Bullish
MACD (D) Bullish Crossover Buy signal forming
20 EMA (D) $397 Short-term support
200 EMA (D) $326 Long-term bullish
Bollinger Bands Expanding Volatility incoming
๐ฏ Trading Strategy
๐ข Bullish Setup
Entry: $405 โ $412
Target 1: $432
Target 2: $465
Target 3 (Breakout): $500
Stop-loss: $385
Risk-Reward Ratio: ~2.8:1
๐ด Bearish Rejection
If BCH breaks down from $385 with volume:
Short Entry: $378
Target: $345
Stop-loss: $392
โ ๏ธ Disclaimer & Risk Assessment
> Disclaimer: This analysis is for educational purposes only and not financial advice. Always conduct your own due diligence before trading. Markets are highly volatile and subject to rapid changes.
๐ Risk Assessment:
Volatility: High
Liquidity Risk: Low
Position Sizing: Max 1-2% of capital recommended per trade
