🚀 BCH Bull Trading Opportunity Analysis 🟢
**Trading Plan:**
Bias: Bullish
Entry: 568 - 572
Stop Loss: 564.5
Take Profit 1–Take Profit 3: 578 / 585 / 592
**Technical Analysis:**
In the 15-minute timeframe, the price shows strong support at the level of $567.31, with multiple rebounds after testing this area, forming a local double bottom pattern. This price action indicates that buyers are stepping in around this level. The RSI indicator is rising from the oversold region, and the MACD indicator also shows early signs of bullish divergence, suggesting that downward momentum is weakening. A confirmation signal would be a price breakout and maintenance above the short-term moving average (around $575), opening up space for further upward movement.
**Failure Conditions:**
The bullish setup will only fail if the price decisively breaks down and closes below $564.5.
