$BCH
BCHUSDT
Perp
544.6
-0.85%
BULLISH BREAKOUT STRUCTURE – UPSIDE MOMENTUM BUILDING
$BCH is holding above a strong demand zone and forming higher lows on the intraday to higher timeframes. The structure suggests buyers are in control, preparing for continuation toward the upper resistance band.
Technical Outlook:
Price sustaining above key support area
Bullish continuation pattern visible on 1H–4H
Volume supports accumulation rather than distribution
Next move favors a push toward higher liquidity zones
Entry Zone:
Buy on pullback or bullish confirmation above support
Targets (TP):
TP1: 580
TP2: 590
TP3: 600
Stop Loss (SL):
Below structural support at 540
Risk Management:
Use proper position sizing, risk only 1–2% per trade, and move stop loss to breakeven after TP1 is hit.