🪙 Analysis and Monitoring of Currency $BCH (Bitcoin Cash) – Opportunity to Enter the Currency in Recovery ⚡️
🔹 Current Purchase Price: 568
🎯 Targets:
🎯 First Target: 600
🎯 Second Target: 640
🎯 Third Target: 700
🛑 Stop Loss: 540
📌 Let's Talk a Bit About the Currency:
Bitcoin Cash is one of the oldest currencies in the market and emerged from Bitcoin with the aim of speeding up transactions and reducing fees, clearly used as a means of payment, and known for its relative stability compared to other currencies in the same category.
📊 Key Technical Indicators:
• RSI Indicator is currently in the neutral zone, neither in overbought nor oversold conditions.
• MACD Indicator is showing signs of gradual improvement in momentum.
• Trading volume is stable and indicates liquidity entering without rush.
• The overall trend is trying to form an upward path in the near term.
💡 Advice:
Entry should be gradual and don't put all the liquidity in at once, and always prioritize capital management.
⚠️ Warning:
Any clear break below 540 may change the scenario, so stick to the stop loss and don't leave the trade open based on emotions
#Bch