🪙 Analysis and Monitoring of Currency $BCH (Bitcoin Cash) – Buying Opportunity, Take Advantage of the Drop and Enter from the Bottom ⚡️
🔹 Current Purchase Price: 548
🎯 Targets:
🎯 Target One: 575
🎯 Target Two: 610
🎯 Target Three: 650
🛑 Stop Loss: 525
📌 Let's Talk a Bit About the Currency:
Bitcoin Cash is one of the oldest projects in the market focusing on fast payments with low fees, and with the recent drop, the price has reached a historically strong support area. In my personal opinion, these are smart accumulation areas before any upcoming rebound, especially if the general market sentiment improves.
📊 Key Technical Indicators:
• The RSI indicator is close to oversold areas and has started to calm down, which often precedes a rebound.
• The MACD indicator is gradually reducing negativity and is close to a positive reversal.
• Trading volume is relatively stable with no strong selling pressure, indicating accumulation.
• Price direction is maintaining important support around current levels.
💡 Advice:
Entry should be gradual and in stages, taking advantage of any additional drop to improve the average purchase without rushing.
⚠️ Warning:
In case of breaking the 525 level with a clear closure, it is best to adhere to the stop loss as the market may extend the decline
