📉 BCH — SHARP CORRECTION & TESTING SUPPORT! 🔴
$BCH (Bitcoin Cash) is trading lower at 310.10 (-6.90%), experiencing a sharp downside move from a 24h high of 337.25 down to a 24h low of 304.00. Price action on this 4H chart has broken below the immediate moving averages, trading under the fast MA(7) (320.20) and MA(25) (332.64), while seeking a larger cushion above the major structural MA(99) (273.85).
📊 QUICK TRADE PLAN — 4H
🟢 LONG ENTRY: 285.00–305.00 (on stabilization and strong defense near local structural demand or approaching the rising MA99)
🛑 STOP LOSS: 268.00
🎯 TP1: 340.00
🎯 TP2: 365.00
Are you eyeing this BCH dip for a potential bounce near support, or waiting for trend reversal confirmation? Let's discuss below! 👇
👉 Trade: $BCH
#BCH #BitcoinCash #cryptotrading #BinanceSquare #Correction
$BCH (Bitcoin Cash) is trading lower at 310.10 (-6.90%), experiencing a sharp downside move from a 24h high of 337.25 down to a 24h low of 304.00. Price action on this 4H chart has broken below the immediate moving averages, trading under the fast MA(7) (320.20) and MA(25) (332.64), while seeking a larger cushion above the major structural MA(99) (273.85).
📊 QUICK TRADE PLAN — 4H
🟢 LONG ENTRY: 285.00–305.00 (on stabilization and strong defense near local structural demand or approaching the rising MA99)
🛑 STOP LOSS: 268.00
🎯 TP1: 340.00
🎯 TP2: 365.00
Are you eyeing this BCH dip for a potential bounce near support, or waiting for trend reversal confirmation? Let's discuss below! 👇
👉 Trade: $BCH
#BCH #BitcoinCash #cryptotrading #BinanceSquare #Correction
