$BCH — Support Holding, Potential Relief Move Building
Long $BCH
• Entry: 462.69 – 458.50
• Stop Loss: 453.00
Targets:
• TP1: 468.50
• TP2: 474.00
BCH recently rejected from the 474.10 resistance and pulled back toward 453.88, where buyers stepped in and established a short-term support zone. Since that bounce, price action on the 1H chart is showing gradual recovery with higher lows forming, signaling that bullish pressure may be rebuilding.
The 458–462 area now acts as a key demand zone. As long as this region continues to hold, the structure favors a relief push toward nearby resistance levels.
A sustained move above local resistance could drive price toward 468.50 first, followed by a potential retest of 474.00, where the previous rejection occurred.
Key Technical Points • Strong reaction from 453–458 support
• Higher-low structure forming on the 1H timeframe
• Momentum improving after the bounce
• Invalidation below 453 support
Manage risk carefully and adjust stops as the trade develops.
Long $BCH here 👇👇👇
