$BCH longs got liquidated around $472.25. This is a classic stop hunt—buyers got forced out near short-term support. Momentum is slightly bearish short term, but if price holds above $465–$468, a bounce can form.
Trade Setup
Entry Point: $466 – $470
EP: Support retest after liquidation
TP1: $485
TP2: $500
SL: $460
Price below $460 increases downside risk. Wait for a confirming candle before entering to avoid chasing the move.