Writing
⚠️ BCH JUST GOT HIT WITH A $391K LONG WIPEOUT! 🔴
#BCH | Long Liquidation: $391K
💥 Liquidated at $296.66
That’s a much heavier liquidation than the earlier BCH flush. Nearly $400K in leveraged longs were forced out around the $296.66 level — putting the spotlight directly on this support zone.
📊 KEY LEVELS 🛡️ Support: $296.66–$296.85
⚡ Pivot: ~$310
🚧 Resistance: $323.57
🎯 Higher resistance: ~$366
Current Oct. 3 technical data places BCH’s first major support around $296.85 and resistance near $323.57. A daily close below $296.85 would weaken the current structure, while a move above $323.57 would strengthen the upside setup.
🔥 MY MARKET READ:
This liquidation is a warning that $296–$297 is the battlefield. If BCH absorbs this sell pressure and reclaims $310, buyers could attempt a move toward $323.57. But if $296.66 gives way with strong volume, the next downside zone to monitor is around $271.
🚨 Signal Watch:
Hold $296–$297 → bounce potential
Lose $296 → deeper correction risk
Reclaim $323.57 → momentum expansion
BCH has also experienced elevated volatility recently, so confirmation matters more than chasing the liquidation candle.
#BCH #BitcoinCash #CryptoTrading #Liquidation #BCHUSDT #AltcoinSignal
#FedOctoberRateHikeOddsFallTo17% #NvidiaHitsRecordHighUp2.4% #CanaryFilesAmendedS1ForPEPEETF #USRussiaUkraineTalksReportedlyIncludeLukoilOilDeal
⚠️ BCH JUST GOT HIT WITH A $391K LONG WIPEOUT! 🔴
#BCH | Long Liquidation: $391K
💥 Liquidated at $296.66
That’s a much heavier liquidation than the earlier BCH flush. Nearly $400K in leveraged longs were forced out around the $296.66 level — putting the spotlight directly on this support zone.
📊 KEY LEVELS 🛡️ Support: $296.66–$296.85
⚡ Pivot: ~$310
🚧 Resistance: $323.57
🎯 Higher resistance: ~$366
Current Oct. 3 technical data places BCH’s first major support around $296.85 and resistance near $323.57. A daily close below $296.85 would weaken the current structure, while a move above $323.57 would strengthen the upside setup.
🔥 MY MARKET READ:
This liquidation is a warning that $296–$297 is the battlefield. If BCH absorbs this sell pressure and reclaims $310, buyers could attempt a move toward $323.57. But if $296.66 gives way with strong volume, the next downside zone to monitor is around $271.
🚨 Signal Watch:
Hold $296–$297 → bounce potential
Lose $296 → deeper correction risk
Reclaim $323.57 → momentum expansion
BCH has also experienced elevated volatility recently, so confirmation matters more than chasing the liquidation candle.
#BCH #BitcoinCash #CryptoTrading #Liquidation #BCHUSDT #AltcoinSignal
#FedOctoberRateHikeOddsFallTo17% #NvidiaHitsRecordHighUp2.4% #CanaryFilesAmendedS1ForPEPEETF #USRussiaUkraineTalksReportedlyIncludeLukoilOilDeal