$BCH is showing a breakout-retest long setup after breaking above the $343–$345 consolidation zone with strong buyer momentum. The move is already extended, so chasing $356–$360 is risky; a pullback into the breakout area offers a more realistic entry.
EP: $347–$351
TP1: $360
TP2: $368
TP3: $376
SL: $340
The recent $360.13 high is the immediate liquidity zone, while $343–$345 is the key breakout/retest area. If buyers defend the entry zone, the setup offers roughly 1.5R to TP1, 2.5R+ to TP2, and 3.5R+ to TP3; a sustained move below $340 would invalidate the bullish structure. BCH has already made a very large move, so I would avoid entering at the current spike and wait for the pullback.
EP: $347–$351
TP1: $360
TP2: $368
TP3: $376
SL: $340
The recent $360.13 high is the immediate liquidity zone, while $343–$345 is the key breakout/retest area. If buyers defend the entry zone, the setup offers roughly 1.5R to TP1, 2.5R+ to TP2, and 3.5R+ to TP3; a sustained move below $340 would invalidate the bullish structure. BCH has already made a very large move, so I would avoid entering at the current spike and wait for the pullback.
