Guys, just as expected, $BCH has pumped to $270 after the breakout and a successful retest. ๐
The setup played out exactly as planned. ๐
The setup played out exactly as planned. ๐
Post
--Bullish
Leo524
ยท
--
Bullish$BCH โ Buyers Are Trying To Break The Downtrend !!
BCH has bounced from the demand zone twice, showing that buyers are still defending this area. But even after the recovery, price is still trading below the descending trendline, which remains the main barrier for the bullish move.
Now BCH is trying to push higher again. The key confirmation is a strong green candle breaking the descending trendline and the nearby resistance together. If buyers can close above that area and hold it, the current recovery can develop into a stronger upside move.
For now, the demand zone remains important. Hold there + strong breakout above the trendline = bullish continuation setup. A rejection from the trendline/resistance would keep the structure under pressure.
BCH has bounced from the demand zone twice, showing that buyers are still defending this area. But even after the recovery, price is still trading below the descending trendline, which remains the main barrier for the bullish move.
Now BCH is trying to push higher again. The key confirmation is a strong green candle breaking the descending trendline and the nearby resistance together. If buyers can close above that area and hold it, the current recovery can develop into a stronger upside move.
For now, the demand zone remains important. Hold there + strong breakout above the trendline = bullish continuation setup. A rejection from the trendline/resistance would keep the structure under pressure.