Is a 5.8% daily jump worth chasing near range highs?
$BCH trades at $296.70 after tapping a 24-hour high of $298.00 on $10.88M volume. Hourly velocity has cooled to 0.95% on below-average volume relative to the prior 23 hours.
If buyers break the $298 high, momentum toward higher ranges could accelerate. However, failure to hold above the $277.30 range low invalidates this upside thesis.
Will you wait for a confirmed hourly close above $298, or does a drop toward the $277 low change your risk profile?
Tap $BCH for the live chart. #BCH #BinanceSquare
$BCH trades at $296.70 after tapping a 24-hour high of $298.00 on $10.88M volume. Hourly velocity has cooled to 0.95% on below-average volume relative to the prior 23 hours.
If buyers break the $298 high, momentum toward higher ranges could accelerate. However, failure to hold above the $277.30 range low invalidates this upside thesis.
Will you wait for a confirmed hourly close above $298, or does a drop toward the $277 low change your risk profile?
Tap $BCH for the live chart. #BCH #BinanceSquare