$BCH is showing a breakout-retest long setup after breaking above the 344–350 resistance area with strong 15m momentum. Price has already made a large move, so chasing near $360 is less attractive; buyers would ideally defend the breakout zone on a pullback.
EP: $348–$352
TP1: $362
TP2: $370
TP3: $378
SL: $342
The key liquidity area is around $362–$363, the current 24h high; a clean reclaim and hold can open the next nearby resistance zones. If BCH pulls back into $348–$352 and buyers defend the former breakout area, the setup remains valid; a sustained move below $342 would invalidate the bullish structure. The entry around $350 gives roughly 1:1.8 risk/reward to TP2, avoiding a late entry into the current pump.
EP: $348–$352
TP1: $362
TP2: $370
TP3: $378
SL: $342
The key liquidity area is around $362–$363, the current 24h high; a clean reclaim and hold can open the next nearby resistance zones. If BCH pulls back into $348–$352 and buyers defend the former breakout area, the setup remains valid; a sustained move below $342 would invalidate the bullish structure. The entry around $350 gives roughly 1:1.8 risk/reward to TP2, avoiding a late entry into the current pump.
