🚀 $BCH Bulls Eye Bounce as Bears Hold Key Support! ⚡

**Trading Plan (Long) — $BCH**
Entry: $512-515
SL: $490
TP1: $538
TP2: $565
TP3: $580

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**Analysis:**

$BCH is currently testing a crucial support zone between $516.2 and $509.3. This area shows potential for a bullish bounce, which could offer an attractive long setup.

Confirmation would come from a pin bar or bullish engulfing candlestick pattern on lower timeframes. Such a move could target our TPs at $538, $565, and potentially $580.

While the overall structure on higher timeframes remains bearish, this short-term demand zone has historically attracted strong buying pressure. It's considered a high-probability entry point for those looking to go long.

Volume is starting to pick up near the support, and the Relative Strength Index (RSI) is recovering from oversold levels. These indicators suggest that buyers might be stepping back into the market.

Monitoring for further confirmation from candlestick patterns and lower timeframe (LTF) momentum is essential before committing to the trade. Always remember to manage your risk! 📈

#MyCryptoNest
(BCHUSDT)