$BCH /USDT – Long Trading Plan (1H)
Trading Plan (Long):
• Entry zone: $555 – $565
• Stop Loss (SL): $548 (below the $551.5 intraday low)
• Take Profit (TP1): $571 – $574
• Take Profit (TP2): $583 – $590
• Aggressive TP3: $600 – $605 if momentum extends
Key Resistance/Support:
• Support: $551.5 is the current 24h low and the nearest swing floor. As long as price holds above this level, a technical bounce is possible.
• Resistance: EMA(200) at $571.6 and EMA(99) at $574.2 form the first strong dynamic resistance zone. Above that, the next resistance band is $583–$590 (24h high at $583.3 and recent supply area), with a major cap near $605.
Indicators:
• RSI (12 & 24) around 43 show neutral-to-slightly-oversold conditions, leaving room for a corrective move upward if buyers step in.
• MACD is still below zero (MACD ≈ -0.2) with fading negative histogram, indicating bearish momentum but with early signs of potential stabilization.
Outlook:
• If BCH defends $551.5–$555, a relief bounce toward the EMA cluster at $571–$574 is the primary long target, with possible extension to $583–$590.
• A clear 1H close below $551.5 would invalidate this long setup and open risk for a deeper move, so any long here should be treated as a counter-trend bounce with strict risk management.
