Hey fam — following up on yesterday’s BCH strategy where we planned a long entry between $400–$405 with a take profit at $430, the market did not retrace to our buy zone. Instead, BCH opened strong near $430, rejected that level, and has since cooled to $410.93.
This shows the power of patience — by waiting for our setup, we avoided a bad entry at the top.
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🎯 Fresh Strategy for Today (May 12 – Evening Session) Let’s stay sharp and focused: • Entry: Buy zone is $400–$405 • Stop Loss: Below $390 • Take Profit: Near $430 • Current Price: $410.93 – Wait for pullback, don’t rush in
We’re still in a consolidation phase, and entering at support gives us the best edge.
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⚠️ Reminder: Trade small. Risk 2% max. You don’t need to catch every move — just the right ones.
Drop a comment if you’re waiting for the pullback with me — let’s grow our trades and our trust together.
📈 BCH/USDT Daily Trading Strategy for May 12, 2025
Current Price: $409.31 Trend: Neutral to Slightly Bearish Timeframe: Daily (1D)
🔍 Technical Overview • Support Levels: $400, $390 • Resistance Levels: $430, $450 • Relative Strength Index (RSI): Approximately 61.83, indicating a neutral to slightly overbought condition • Moving Averages: The 20-day EMA is around $408.79, and the 50-day EMA is approximately $409.26, both near the current price, suggesting consolidation
🎯 Trading Plan • Entry Point: Consider entering a long position if BCH retraces to the support zone between $400 and $405, which aligns with recent lows and psychological support. • Stop Loss: Place a stop loss below $390 to manage potential downside risk. • Take Profit: Set a take profit target near the recent resistance around $430, or higher if bullish momentum continues.
⚠️ Risk Management • Risk-to-Reward Ratio: Approximately 1:2, risking $10 for a potential $20 gain. • Position Sizing: Allocate no more than 2% of your trading capital to this position to manage risk effectively.
📌 Summary
The current market conditions suggest a cautious approach. Waiting for a pullback to the $400–$405 support zone could provide a favorable entry point. Ensure to set a stop loss below $390 to protect against further downside, and aim for a take profit near $430, aligning with recent resistance levels.
As of May 10, 2025, Bitcoin Cash (BCH) is trading at approximately $427.61, reflecting a modest increase of 0.033% from the previous close.
The current technical indicators suggest a bullish outlook for BCH: • Moving Averages: The 20-day Exponential Moving Average (EMA) is at $420.94, and the 50-day EMA is at $414.58, both below the current price, indicating upward momentum.  • Relative Strength Index (RSI): The RSI stands at 57.97, suggesting that BCH is in a neutral to slightly overbought condition. 
Trading Strategy: • Entry Point: Consider entering a long position if BCH retraces to the support zone between $420 and $425, which aligns with the 20-day EMA. • Stop Loss: Place a stop loss below the recent swing low at $412 to manage potential downside risk. • Take Profit: Set a take profit target near the recent high around $430, or higher if bullish momentum continues.
Please note that cryptocurrency markets are highly volatile. It’s essential to conduct your own research and consider your risk tolerance before making trading decisions.