Heavy volume is hitting $BCH during this sharp 8.09% correction.
Hourly volume just spiked to 1.25x the daily average as price slipped to $266 alongside a 1.64% drop on the latest 1h close. Total 24h volume sits at $14.70M.
If buyers step in to reclaim the $290.6 high from the preceding range, momentum could shift back upward. However, if selling pressure intensifies below the $266 low, further downside risk increases rapidly.
Will you wait for a confirmed reclaim of $290.6, or does breaking beneath $266 invalidate your bullish bias?
Tap $BCH for the live chart. #BCH #BinanceSquare
Hourly volume just spiked to 1.25x the daily average as price slipped to $266 alongside a 1.64% drop on the latest 1h close. Total 24h volume sits at $14.70M.
If buyers step in to reclaim the $290.6 high from the preceding range, momentum could shift back upward. However, if selling pressure intensifies below the $266 low, further downside risk increases rapidly.
Will you wait for a confirmed reclaim of $290.6, or does breaking beneath $266 invalidate your bullish bias?
Tap $BCH for the live chart. #BCH #BinanceSquare