Can a 4.37% daily drop for $BCH shake out weak hands?
Price sits at $267 after touching a 23-hour low of $261.5 and a high of $284.7. Hourly volume ticked up slightly to 1.19x the daily average.
If momentum shifts back toward the 284.7 high, buyers might test prior range strength. However, breaking below the 261.5 low would invalidate that bounce scenario and risk further downside.
Will reclaiming the hourly close near 267.7 confirm a reversal, or does a slide past 261.5 signal deeper weakness to watch on your chart?
Tap $BCH for the live chart. #BCH #BinanceSquare
Price sits at $267 after touching a 23-hour low of $261.5 and a high of $284.7. Hourly volume ticked up slightly to 1.19x the daily average.
If momentum shifts back toward the 284.7 high, buyers might test prior range strength. However, breaking below the 261.5 low would invalidate that bounce scenario and risk further downside.
Will reclaiming the hourly close near 267.7 confirm a reversal, or does a slide past 261.5 signal deeper weakness to watch on your chart?
Tap $BCH for the live chart. #BCH #BinanceSquare