$BCH — 1H 👀
BCH just ripped through the $300 area… but where does the cleaner entry come from now?
The 1H chart has completely shifted structure. BCH pushed from around $257 → $344, with the Supertrend now firmly green at $305.3.
Key levels:
• Resistance: $344 → $349.3
• Support: $326 → $305.3
• Deeper support: $303
🟢 Long idea: $325–330 on a clean retest
🛑 SL: $315
🎯 TP: $344 → $360 → $375
I wouldn’t chase at $341 after a 29% move. The better-looking setup is a pullback into $325–330 and a clean reaction from there.
The order book is slightly bid-heavy at 53.7%, which is constructive, but after such a fast move I’d still wait for confirmation.
Also worth noting: CME announced today that it plans to launch BCH futures on Oct. 19, pending regulatory review, and BCH has moved sharply alongside that news.
Bias: bullish while $305 holds. The key now is whether $326 turns into support.
#BCH
BCH just ripped through the $300 area… but where does the cleaner entry come from now?
The 1H chart has completely shifted structure. BCH pushed from around $257 → $344, with the Supertrend now firmly green at $305.3.
Key levels:
• Resistance: $344 → $349.3
• Support: $326 → $305.3
• Deeper support: $303
🟢 Long idea: $325–330 on a clean retest
🛑 SL: $315
🎯 TP: $344 → $360 → $375
I wouldn’t chase at $341 after a 29% move. The better-looking setup is a pullback into $325–330 and a clean reaction from there.
The order book is slightly bid-heavy at 53.7%, which is constructive, but after such a fast move I’d still wait for confirmation.
Also worth noting: CME announced today that it plans to launch BCH futures on Oct. 19, pending regulatory review, and BCH has moved sharply alongside that news.
Bias: bullish while $305 holds. The key now is whether $326 turns into support.
#BCH
