$BCH is stabilizing after the pullback from the recent spike and I am watching this closely because price is holding above the prior demand zone with steady absorption. Sellers tried to push lower but momentum faded and buyers defended the 590 area. The 1h candles are compressing with higher lows which usually hints at continuation rather than breakdown. If this structure holds the next upside push becomes possible.
full setup from this chart.
Entry Point
602 – 592
Target Point
TP1 610
TP2 622
TP3 635
Stop Loss
585
It is possible because selling pressure has reduced after the sharp rejection from the top and price is building a base above support. If BCH stays above the 590 zone the move toward 610 becomes the natural first step before momentum attempts a stronger continuation.
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BCH
587
-1.87%