$BCH is quietly building a launchpad – and most people are staring at the wrong coins.
Price is grinding right above the MA(99) at $574.03, using it as a dynamic floor after the recent dip. This is the kind of level strong hands love: clean structure, tight risk, obvious upside if it breaks out.
🎯 Trading Plan – LONG $BCH
• Entry: $568.00 – $574.50
• Stop Loss: $559.00
• Take Profit 1: $585.00
• Take Profit 2: $594.00
You’re buying into the MA(99) floor, aiming to catch the next push back into local highs.
🔍 Key Resistance / Support
• Dynamic support:
• The MA(99) at $574.03 is acting as a strong dynamic floor, repeatedly supporting price after the latest dip. As long as BCH stays above this band, buyers are in control.
• Critical downside level:
• Lose $567.00, and price likely slides into a retest of the $560.00 low. That’s where your long thesis weakens fast.
• Upside levels:
• First reaction area: $585.00 – logical place for partial profit.
• Next target: $594.00 – right under $588.00–$600.00, where a clean break above $588.00 starts opening the door to the $600.00 region and above.
📊 Momentum & Context
• RSI sitting around the 50–60 range → not overbought, with clear room to push higher. That fits a “retest the highs” scenario nicely.
• MACD is described as crossing above zero (implied by the price action) → that’s exactly what you want to see when entering a long: momentum turning back in favor of the bulls instead of fading.
This is not a desperation bounce – it looks more like trend continuation after a controlled dip.
❌ Invalidation
• If BCH fails to hold $567.00 and starts sliding into $560.00, this setup gets invalid fast.
• Below $559.00, your stop is hit and the idea is dead – no hope-trading, just out and done.
