#Write2Earn
As of today, June 29, 2025, Bitcoin Cash (BCH) is trading at $491.23, down slightly on the day after reaching a high near $499.07.
🔍 Trading Strategy:
1. Entry (Bullish bias)
• Aggressive buy: Consider entering around $490–495 with stop-loss set below $480 to limit downside, capturing upside to $500–510 resistance.
• Conservative buy: Wait for a breakout above $500–505 on strong volume—which would signal continuation toward $520+—then enter with stop-loss near the $495–500 region.
2. Target Zones
• Short-term target: $500–510 resistance; if breakout occurs, next watch $520–530.
• Medium-term: Based on bullish forecasts (e.g. average ~$546–552 by late July)   , a target near $550 looks attainable.
3. Risk Management
• Position sizing: Keep risk per trade ~1–2% of total capital.
• Volatility: BCH sees ~2–3% intraday swings; use conservative SL and don’t chase price.
• If price breaks below $480 with volume, cut losses. A drop under $460–470 may signal deeper pullback.
4. Confirmation & Execution
• Watch volume: Entry signals stronger above-average volume on breakout.
• Track Bitcoin: BCH often correlates moderately with BTC; a sharp BTC move could affect BCH .
5. Stop-Loss & Take Profit Example
• Entry: $492
• Stop-Loss: $480 (-2.4%)
• Take-Profit 1: $505 (+2.6%)
• Take-Profit 2: $550 (+11.8%)
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🧠 Summary
• Trend is bullish overall, supported by ascending channel, moving averages, and institutional volume spikes.
• Catalysts: breakout above $500 could fuel a move to $550+.
• However, the double-top near $510 and macro volatility mean caution is warranted.
• Use disciplined entries, modest position sizing, and tight risk control around $480–490 levels.