$BCH has delivered a clean and powerful breakout after a long period of tight consolidation.
Price respected the base perfectly absorbed all selling pressure and then exploded upward with strong volume and wide bullish candles.
This kind of vertical move usually signals aggressive buyer dominance and as long as price holds above the breakout zone continuation remains highly probable.
Momentum is clearly in favor of bulls right now.
Trade Setup
Entry Range: 615 – 625
Target 1: 650
Target 2: 680
Target 3: 720
Stop Loss (SL): 590
BCH
630.7
+0.99%