$BCH recently delivered a strong impulse move, topping near the $630 zone, followed by a healthy corrective pullback — not a trend reversal.
📉 The current dip shows cooling momentum without panic selling, signaling consolidation after expansion. Price is now hovering around a key daily demand zone, where buyers previously stepped in aggressively.
👉 This favors a long-on-dips strategy, not shorting into support. Shorts here offer poor risk-to-reward unless major support breaks decisively.
🔹 Key Support Zones
$535 – $520 → Strong daily demand
$505 – $495 → Structure invalidation zone
🔹 Key Resistance Zones
$590 – $600 → First reaction / local supply
$630 – $645 → Major supply & previous high
📊 Trade Bias
As long as price holds above $520, dips may offer scalp long opportunities
A clean breakdown below $505 invalidates this setup and requires reassessment
💡 Smart traders position at high-probability zones — not after the move.
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