$BCH /USD CM is trading around 274.45, recovering after a sharp dip toward 272.00. Buyers have stepped in, but price still faces resistance around 275.00. MACD remains negative, so the rebound needs confirmation.
Support sits near 273.20, followed by 271.40. A clean break above 275.00 could open the way toward 276.80, while rejection may bring renewed selling pressure.
Trade Setup:
Entry Zone: 274.00–274.50
Take Profit 1: 275.00
Take Profit 2: 276.00
Stop Loss: 273.15
Wait for confirmation before entering. Manage risk carefully and avoid chasing a quick rebound.
Support sits near 273.20, followed by 271.40. A clean break above 275.00 could open the way toward 276.80, while rejection may bring renewed selling pressure.
Trade Setup:
Entry Zone: 274.00–274.50
Take Profit 1: 275.00
Take Profit 2: 276.00
Stop Loss: 273.15
Wait for confirmation before entering. Manage risk carefully and avoid chasing a quick rebound.