BCH defending major demand zone — accumulation signals?
🟢 $BCH - LONG
Trade Plan:
Current Price: ~205.93
Entry Zone: 198 – 210
SL: 188
TP1: 228
TP2: 252
TP3: 285
BCH has been holding above a major daily demand zone after sweeping liquidity below 195. On the 4H chart, there are clear signs of absorption with volume gradually increasing as price approaches the entry area. Open interest has also started ticking up, suggesting active accumulation. The higher low structure remains intact above this demand zone.
Can BCH bounce strongly from this key support level?
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BCHUSDT
Trvl
201.07
-3.01%