⚰️ $BCH dropped 31% in a straight line — now it's trying to crawl back
Price: $379.4
24h: -1.76% | 90 days: -32.52%
📊 Trade Setup:
Entry zone: $375 — $379
Stop Loss: $361
Take Profit 1: $387.5
Take Profit 2: $400
Take Profit 3: $413.8
What the chart is saying:
→ Brutal drop from $405 straight to $348 — no bounce, pure sell pressure
→ Now recovering with green candles climbing back 👀
→ Price just crossed ABOVE MA7 and MA25 ✅
— MA7: $378.8
— MA25: $378.1
— MA99: $373.6 (acting as support)
→ Volume spike at the bottom = capitulation candle — sellers exhausted
→ Order book: 58.75% buyers vs 41.25% sellers — buyers in control right now
The setup:
BCH just printed a textbook V-shaped recovery attempt. Price reclaimed all 3 MAs. Volume dried up on the way down then spiked at the bottom — classic reversal signal.
Hold above $373 → path opens to $387 then $400
Lose $373 → retest of $348 low
This is not financial advice. Do your own research.
BCH recovering or just a dead cat bounce?
A) Real reversal 🚀
B) Dead cat bounce 🐱
C) New lows incoming 💀
Drop your vote 👇