đ $BCH Technical Outlook â Bounce in Play
After retesting key support near $497.1, Bitcoin Cash ($BCH) is showing signs of strength as it reclaims the $500 level. A reversal structure is emerging on the 15-minute chart, hinting at renewed bullish momentum following a controlled dip from the $509 resistance zone.
đ Scalping / Intraday Trade Setup
Entry Range: $499 â $500
Targets:
âą TP1: $503
âą TP2: $506
âą TP3 (Aggressive): $510
Stop-Loss: Below $496.5
If BCH sustains above $498, a retest of the recent highs looks likely. Traders with a short-term horizon may find this a compelling setup to monitor.
đ Final Note:
Momentum has returned, but remain cautious around resistance zones. Quick reactions and strict risk management remain key in volatile setups like this.